The largest losses have been in the financial sector, and then retail. So how is building roads going to give investment banking clerks, portfolio managers, analysts, etc... their jobs back?
The Associated Press: How the economic stimulus plan could affect you
That didn't answer anything. No incentives to put banking and investment specialists back to work. Lot of useless crap about helping "poor" who have no impact on the economy even in good times.
Again, the cause of the crisis is housing. And $8000 tax credit isn't going get many to buy a house when new credit guidelines are going to most from getting financing. $14 a month more in a paycheck isn't going to help anything.
The only job sector that will improve significantly is the civil service, because gov't just got a whole lot bigger.
This "stimulus" is going to have no immediate effect of any kind. The markets have already rejected it....as expected.
Gov't is POWERLESS to effect the economy. It always has been.
Silly post.
I have sold 4 houses so far this year. 3 of those buyers bought because of the first time home buyers tax credit of $7,500. Now they have made the tax credit $8,000 and have added a no repayment feature. I have 13 more first time home buyers on my list. Many of them will be buying because of the incentive.
Saying the government is powerless to effect the economy is ridiculous. The lack of government regulation is what destroyed the economy.