Help on Stimulus Bill

Have you received the latest communication for your U.S. Senator, or from your Congressman, about the economic problem and what he/she is doing to fix it? Neither have I, because there has not been one! President Obama, in is address to the nation last night said, to Congress, that it is time to stop playing games. I do not believe for a minute that anyone thinks it's a game, but the President was right: Congress is playing politics. Does the "stimulus package" have to be perfect? No, but THERE HAS TO BE SOMETHING FAST!

This blog has been mainly about the mortgage and surrounding financial crisis, and for the time being it will have an emphasis on that issue, which is and will be the most significant issue confronting all of us in the U.S., and the world, for the next few years. I will continue to try to explain what is happening in terms that we all can understand. Right now, politically, we are seeing old time Republican v Democrat fighting. No progress, just bickering. The commitment of money to Iraq took less time than Congress has been deciding whether fixing roads is a better program to help the economy than giving tax cuts to business so they can reinvest.

Some ideas and suggestions: Spending on infrastructure like roads and highways has a great positive effect on the entire economy. There are road contracts that cause hiring. The contracts also create new jobs. The contractors have to buy materials which helps the manufacturers and suppliers. Then they have to employ people. Those people getting hired, need to have good transportation, eat lunches etc. They have to buy work clothes. Stores get to sell clothes, and restaurant (even take-out) food. And the cycle get going.

THERE ONLY WRONG DECISION RIGHT NOW IS NO DECISION. The financial markets are waiting for the U.S. to get our act together and do something. At this point, whether we commit $100 billion more or less to the program does not matter. If we do not spend what we can now to shore-up the economy, the 500,000 jobs that will be reported as lost in January, and the 2 million jobs that were lost in the past 4 months will have been the tip of the iceberg. Just remember the ending of the movie Titanic - as has been written here before, "HOW LONG CAN YOU TREAD WATER?"

CALL YOUR CONGRESSMEN/WOMEN AND YOUR SENATORS. ASK HOW THEY ARE VOTING. IF THEY SAY THEY HAVE TO OPPOSE THE PRESIDENT'S PLAN ASK WHY!

Author's copyright by Richard I. Isacoff, Esq, February 2008

http://www.isacofflaw.com/

rii@isacofflaw.com