Sunday, February 15, 2009

Assignment#3 JHUNTER

Madison Powers article, Trade-Offs in the Stimulus Package, on the CQ Today Online News asks the question on which is the best direction we should go with the bailout money. He sites two major reasons: equity-efficiency and a balance between infrastructure and other activities to stimulate economic growth. The equity-efficiency route, is designed to fixed the gaping holes that is effecting our economy because the state that we are in now the problems areas are numerous and if we work on the really crippling problems we can keep the economy afloat and live to fight another day which would hopefully give us time to figure this thing out completely. The infrastructure approach is the designed to fix the core of our economy, really examine why go through these bouts of recession/ depression and fix them. This route is looked at as time consuming and many feel that's time we don't have, as we are in dire need now and this long term approach frankly may not work after the time and money is invested.

Powers article is very good. Its geared for to everyone because it will directly affect everyone. His points are clearly stated and towards the end he showed his hand that he thinks we should go with the plan that would patch the economy to keep us going. Even though I like the idea of us taking our time and finding the root problem of our economic valleys, if pressed I would say keep us afloat so we live to fight another day and get it right down the road when the risk are much lower.