Introducing Obama's economic stimulus plan...

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President-elect Barack Obama wants to create a two-year economic stimulus plan that will save and create millions of jobs. By investing in green jobs and infrastructure projects, the economy will be stimulated and unemployment rates will go down. There are still jobs to be found, and Obama wishes to reveal them.

His economic team will [most likely] include:
Teasury Secretary: Timothy F. Geithner
Director of the National Economic Council: Lawrence H. Summers
Head of the Congressional Budget Office: Peter R. Orszag

Obama stated, “We’ll put people back to work rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels, fuel-efficient cars and the alternative energy technologies that can free us from our dependence on foreign oil and keep our economy competitive in the years ahead.”

I think Obama’s plan will definitely help the economy. Our job market is deteriorating and the unemployment rate is soaring. Old problems need to be fixed and new jobs need to be created. The plan will cost more than 300 billion dollars, and I am usually distrustful of huge government spending, but in this case, I will make an exception. Money is needed to fix our money problem. As long as you invest in the right things, the economy will be saved. FDR proved this fact to us during his first term as the 32nd president of the U.S.

Like Franklin Delano Roosevelt, Obama faces an immense economic challenge when he enters the Oval Office in January. When FDR first became president, he immediately began to propose emergency measures to help the economy and introduce public works programs to stimulate the job market. Obama plans to do the same thing. I can’t help but to see the parallels between one of the greatest presidents in U.S. history and the first black president in U.S. history. Will Obama prove himself worthy of the world’s acceptance in this crisis? Only time (and good legislation) will tell. '