could you please expound on this?
Read the Obama stimulus plan and compare it to Reagan/Bush's. The claim was made that there were tax cuts in the Obama plan so it should be easy to compare those tax cuts to Reagan/Bush's. The Stimulus plan signed by Obama was 800 billion dollars, the Reagan and Bush stimulus plans were mostly tax cuts that grew govt. revenue thus cost the govt. nothing.
Tell me what is stimulative about this and why it was such an emergency that had to be passed immediately? This isn't a stimulus package as much as it is a State of the Union speech which outlines Budgetary requirements.
Specific Provisions
$180 billion to states to expand unemployment benefitsWSJ.com: Partisan Rancor Seeps Into Talks on Stimulus Plan (January 24, 2009)6
Upgrade 10,000 schoolsMSNBC.com: Obama: Stimulus plan means lower power bills (January 24, 2009)5
Make federal buildings more energy efficientMSNBC.com: Obama: Stimulus plan means lower power bills (January 24, 2009)5
Triple undergraduate and graduate science fellowshipsMSNBC.com: Obama: Stimulus plan means lower power bills (January 24, 2009)5
Shift to electronic medical recordsMSNBC.com: Obama: Stimulus plan means lower power bills (January 24, 2009)5
Invest in preventative health careMSNBC.com: Obama: Stimulus plan means lower power bills (January 24, 2009)5
Add 3,000 miles of electrical linesMSNBC.com: Obama: Stimulus plan means lower power bills (January 24, 2009)5
One-time $300 payment to senior citizensWSJ.com: Partisan Rancor Seeps Into Talks on Stimulus Plan (January 24, 2009)6
$8 billion investment in high-speed rail, to put people to work improving tracks, crossing and signal repairNew York Times: Slice of Stimulus
Package Will Go to Faster Trains (February 20, 2009)11
$2 billion for energy department projectsSeattle Times: Stimulus package to create 4,400 jobs at Hanford (February 20, 2009)12