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Updated: 9:37 PM Jul 6, 2009
Stimulus plan not helping as much as hoped
With the economy still in bad shape, the Obama Administration is reportedly considering a second stimulus package. Posted: 8:54 PM Jul 6, 2009Reporter: MacKenzie Bates Email Address: mackenzie.bates@wymtnews.com |
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8 Comments 
With the economy still in bad shape, the Obama Administration is reportedly considering a second stimulus package.
The original plan, designed to help America's struggling finances, has not helped as much as the president had hoped.
Another factor affecting the stimulus is people cutting back, making it tough for the package to work like it was designed to.
Richard Crowe, an economics professor at Hazard Community and Technical College says “In fact in May, savings was at a 15-year high. Will that make it harder for the economy to rebound? Sure. People are spending less and saving more right now.”
Since Mr. Obama signed the more than 780 billion dollar plan several months ago, more than two million people have lost their jobs.
Latest Comments
well the way food and gas prices are raising it sure would help alot of people
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Well, gee maybe he should look at "where" he put the money. The greedies at the top don't need it. It is the little guys like you and I that need it. Start at the bottom and let it filter up!
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Just what we need more of....OUT OF CONTROL SPENDING! These idiots don't what they're doing, but one thing is for sure....they are all spendaholics! Especially, if it's not their money they're spending! Be informed and vote these people OUT of office starting in 2010!
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