1. In general, what is the Stimulus Package and its overall purpose to the economy? Why is the Stimulus necessary?
The general purpose of the package was to help the economy with all the jobs that were lost. Also with all the businesses getting closed down. Again the Stimulus package is necessary so that it can help with all the money problems. Basically was to let us know that it won't be easy getting the economy back in the right path but if we are in this together we can do it.
2. What are the agreements and disagreements (with Democrats, Republicans, and others) around the Stimulus Package? What are President Obama's counter arguments in this debate?
3. What are the spending details of the Economic Package? How will it create jobs? In other words, where and how will the money be spent?
Businesses would get "bonus" depreciation for investing in new plants and equipment. The proposal also allows companies that have losses this year to get refunds for taxes paid as far back as 2003; current tax rules allow losses to be carried back only two years.
4. What are some other areas of the Package that President Obama emphasized in both speeches on the youtube CNN speeches?
On March 2, 2009, the White House brought a $410 billion omnibus spending bill to the Senate. If Congress doesn't pass the bill by March 6th, another short-term funding bill will be necessary to cover interim costs.
5. Do you feel that this package will help Afrikan Americans and if so how? Do you feel that racism and/or gender bias will make a difference.
I do feel that this package will help African Americans because that means that there won't as much four-closing on houses and businesses. That also means we won't lose as much jod's. I believe that is package will give us better opportunities. I think that gender will not matter.
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