Sunday, February 22, 2009

Obama to Treasury: Start cutting taxes

President Obama will try to stimulate the economy by implementing tax cuts for 95% of the American people. I believe by handing money back to the American people is a hope that they will spend. I believe it is the right move to give the American people money however it still is difficult to change the current mindset of the people. People are choosing to be reserved and save their money. Their are so many problems with the economy right now with the mortgages and job security amongst others. I believe the governments main goal should be to install confidence in the American people. They have to feel secure for them to spend money. Hopefully the tax relief will help but i beleive it will only help in the short term. Their has to be long term plans that will make the American people feel more secure.

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