Unless you have been living in a cave some where, I am sure you know by now that our next President will be Barack Obama. Further, I am sure you have heard by now, that he gave his first post-election press conference on Friday. His topic, of course was the economy. An issue that ties nicely into this personal finance blog. So, I thought I would take a look at his proposed plans.
Obama proposes swift passage by Congress of a new fiscal stimulus bill either before or soon after he takes office (Jan 20, 2009).
Immediate extension of unemployment benefits for those that can't find work.
I am curious about this. I know several people, who unemployed and don't plan to look for work, until the unemployment runs out. I know that's not all of them, but there are those people out there. So how will they decipher who can't find work and those that won't?
A rescue plan for the middle class that invests in immediate efforts to create jobs and provides relief to families watching paychecks shrink and life savings disappear.
Aid for the struggling auto industry and related businesses, such as auto suppliers, which fave severe hardships.
Review the implementation of the $700 billion financial rescue plan to ensure it is achieving its goal of stabilizing financial markets while protecting taxpayers, helping homeowners and not unduly rewarding the management of the financial firms receiving government assistance.
A set of energy, health care, education and tax relief policies designed to grow the middle class and revive the economy.
OK, I am not sure what this is. How will this grow the middle class?
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