What I Wish Everyone Knew About Obama Stimulus Package 9 | obama stimulus package 9

When President Obama first came to office, his stimulus package for the economy and job creation was hailed by many as a positive step towards repairing the nation's economic troubles. But, as the stimulus package has gained popularity, its critics are becoming louder and more prominent than ever before.

Critics of the Obama stimulus package argue that it will not work, and that the government is just throwing money at the problem, which will not be recovered. In fact, the critics are right. The stimulus package is not a perfect program, and it does not make the economic system run better.

Even so, there are some good things that this stimulus package can do, and these may not be realized immediately. Here is a short list of ways that the stimulus package could help the economy right now.

One: Stimulus money is available to help small businesses, particularly start-up ones, through loan programs. For instance, the Small Business Administration provides loans to business owners to help them in buying raw materials, equipment, and labor to start up new businesses. In addition to that, the government also offers grants to stimulate local businesses. These grant programs are free but need to be applied for. However, most people who apply are approved.

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Two: Some of the biggest businesses in America are large corporations, such as Microsoft, Google, and Apple. These large corporations have been able to gain a lot of leverage in the economy by leveraging their credit lines. They are able to borrow huge sums of money from financial institutions in order to invest in new or expand their existing businesses, thus keeping them in business even when the rest of the economy goes into a tailspin.

Three: Another way that the Obama stimulus package could help the economy right now is through a tax cut. The Bush tax cuts were made to stimulate the economy, and they worked, to an extent. But the Obama stimulus package, if passed, would cut the tax rate on high incomes and provide additional incentives to corporations to hire people over other jobs. This would make it easier for corporations to hire people, because they would receive tax cuts if the new employees produced enough revenue to pay for the salaries, health insurance, etc., and then they could use those funds to reinvest in equipment and other areas of business.

How the $9B stimulus failed - obama stimulus package 2009

How the $9B stimulus failed – obama stimulus package 2009 | obama stimulus package 2009

American Recovery and Reinvestment Act of 9 - Wikipedia - obama stimulus package 2009

American Recovery and Reinvestment Act of 9 – Wikipedia – obama stimulus package 2009 | obama stimulus package 2009

American Recovery and Reinvestment Act of 9 - Wikipedia - obama stimulus package 2009

American Recovery and Reinvestment Act of 9 – Wikipedia – obama stimulus package 2009 | obama stimulus package 2009

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The Obama Stimulus: Three Years of Failure – obama stimulus package 2009 | obama stimulus package 2009

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Stimulus price tag: $9.9 trillion – Dec | obama stimulus package 2009

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9 Years After Stimulus, Obama Says It Worked Time – obama stimulus package 2009 | obama stimulus package 2009

Signing Stimulus, Obama Doesn’t Rule Out More – The New York Times – obama stimulus package 2009 | obama stimulus package 2009