Annotated Bibliography

Annotated Bibliography

Annotated bibliography http://www.barackobama.com/issues/economy/#invest-for-jobs Summer , Lawrence. 2008.” Obama Down Payment: A Stimulus Must Aim for Long-term Obama is setting up an American Recovery and Reinvestment Plan to further help the unemployed and for health. This would be an investment that Americans would have to face to less jobs that would be vacant if they are any recovery plans. The Obama plan represents not new public works. Investments that will work for the American public. Investments to build the classrooms, laboratories and libraries our children need to meet 21st-century educational challenges. Investments to put millions of Americans back to work rebuilding our roads, bridges and public transit systems. Investments to modernize our health-care system, which is necessary to improve care in the short term and key to driving down costs. The statistics for the stimulus package is around $775 billion dollars approximately two years which works to 3.0% per year. The recovery package projects an increase in by 3.7% during 2010 and gain of 3.675 millions jobs created or saved by companies. The unemployment rate is expected to reach 7.0% by the year 2010 or higher. The end of December 2008 the unemployment rate was 7.2% which is closer to the scope in the year 2010. The stimulus plan of the Obama administration aims to create more than 4 million jobs at the end of 2010. The longest stretch when jobs grew was during the year 1993-2000. Richard W. Rahn. “What Is Economic Stimulus.” December 3, 2008. 20 Jan. 2009 http://www.cato.org/pub_display.php?pub_id=9816 The author discussed the fact about the reasoning behind of the high unemployment rate. The high infrastructure of our society spending of highways, bridges, and dams are examples of our government spending. The government should cut taxes for both employers and employees until our society allows us back for full employment. Many jobs are being designated to other countries because of...

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