Stimulating Conversation

And so the financial stimulus package has passed at a slightly slimmer $787 billion price tag than the $800 billion previously proposed by President Obama. I’m optimistic that it will indeed help to create jobs in the industries that are purported to help the infrastructure of our country (e.g. transportation, alternative energy). I also think that the tax cut portion is a good idea. Of course, I’m going by the assumption that the administration is discarding the “trickle down” method in favor of a “flow up” method. Recent stories of corporate executive excess would seem to warrant an opportunity for the mass of lower-to-middle income households to make their own decisions rather than rely on the would-be wisdom and benevolence of the relative few in the upper-class.

And for the record, I agree that Tom Daschle and Nancy Killefer were wise to withdraw their nominations for Health & Human Services Secretary and Chief Performance Officer, respectively, for not paying their taxes in a timely manner. I’ll even go as far to say that the irony of supposed financial wizard Tim Geithner should have been dismissed from consideration as Treasury Secretary for not taking care of his own tax obligations. This has certainly given an early blemish to the Obama administration.