Monday, February 16, 2009

America, Obama on Stimulus Cash!!

People, streets, different states of america are very busy thinking, structuring economic plans as to how and where to spend wisely the approved bailout of P 787 billion. Some said it
may sound like a nice problem for states — figuring out how to spend the billions in infrastructure funding they'll receive as part of President Barack Obama's economic stimulus plan. But the task is more complicated than it seems, as state officials try to set priorities while managing competing pressures from communities, watchdog groups and federal regulators over how the money is allocated. Actually, in my humble opinion that bailout is really a big amount of money if people in the upper position in government will spend it wisely according to thier plan for the states. In which said that under the plan Obama is expected to sign into law early this week, states will divide $27 billion to build and repair roads and bridges. That is less than half the $64 billion in projects states told the American Association of State Highway and Transportation Officials late last year that they had ready to go. President Obama is obviously doing his best to turn back the economy even if it is almost soaring down. They said that the law also requires that half the money be spent on projects that have been vetted by the federal government and deemed "ready to go" in 120 days, as a way to jolt the economy and create jobs. Well, this is a great law that hopefully be materialize for the good of all the people living in america and so to all the countries trading with america. Obama's bailout would be a great help in all aspects of economy and hoping that through this way economy will boost again though not just a click of an eye but at least it will give us clear picture that eveything will bring back to normal. It would be great! to see that america will return its place as to where it was before because a lot of people are depending america not just american people but other people from all walks of life.

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