Tuesday, February 17, 2009

Obama's Stimulus Bill: Just an Ill-advised National Payday Loan?

$787 billion dollars

God Bless America

What all is included in the Stimulus Package?

Now that Congress has passed the $787 billion dollar Economic Stimulus Bill, many people are taking a closer look at just what’s inside it and wonder if “Barack Obama’s Payday Loan for America” wouldn’t have been a more apt name. There’s already been considerable wrangling about all the questionable projects being funded by the plan under the guise of job creation. Opponents have labeled it as a pork laden waste of taxpayer money. Some have even gone so far as to label it the equivalent of a very ill advised national payday loan.

Short-term Solutions for Long-term Problems?

As most people know, payday loans represent a great solution to a minor, temporary cash shortage. However, using a payday loan simply to acquire more cash and continuing to spend irresponsibly is neither the intended purpose of payday loans nor a good use of them. The stimulus bill has raised many eyebrows among those that have read the actual expenditures, because in many ways it represents the latter description.

Change America Really Wanted To Believe In

It wasn’t very long ago at all that Barack Obama appealed to the voters’ desire to turn the page on the Bush administration and rode a wave of reformist sentiment straight into the White House. Promising change and inspiring hope among a citizenry that had endured eight years of divisive politics capped off by an economic collapse that hadn’t been witnessed since the Great Depression of the 1930’s, Obama was an easy sell to the American public. Seemingly, the days of payday loans and cash advances for working class America would soon be ending. ... click here to read the rest of the article titled "Obama's Stimulus Bill: Just an Ill-advised National Payday Loan?"

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