Wednesday, February 4, 2009

Priorities for the Obama Administration

Well two more of Obama's nominees bit the dust because of tax issues. I still believe Gethner should have bowed out, but what's done is done. The important thing is that the President has got to take control of the stimulus package and show how it is going to jump start the economy. Let's face it, Pelosi and company in the House filled it with pork, pork that does nothing for the overall economy. Now the Senate is trying to make adjustments, to make it more presentable. But the problem is it is really too little too late.

First, the big push should be for infrastructure projects that can generate employment and spending nation wide. These little tax breaks are okay but they are chump change. Tax breaks for first time home buyers and buyers of new cars are not going to put a lot of money in the system. After all, who can get a loan to buy a house or new car?

Unfortunately, both houses of Congress are being over protective of the money and not placing it where it can do the most good.

Obama is going to put limits on officer pay in banks or corporations who receive bailout money starting now. Big deal. What he should be doing is offering incentives to get their banks/companies viable again and competing in the world market.

Let's get building roads, bridges and tunnels that lead somewhere and are used by large numbers of the public. Let's hold the firms that get the contracts accountable and make them earn their money.

I, like many others, am still waiting to see the "change" Obama promised to bring to Washington.
So far it appears to be business as usual.

Let's put pressure on our representatives and the President to live up to their promises. We did our part by getting them into office, now its their turn to deliver.

Its Common Sense!

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