Proposed stimulus boost may not benefit everyone
September 14, 2010
With mid-term elections swiftly approaching, President Barack Obama proposed a new $50 billion stimulus plan geared towards transportation reconstruction and other infrastructure related projects. His hope with this stimulus plan is to spur economic growth by creating more jobs.
“Even though it’s a relatively small package, it would get some of the high-priority projects done,” said Michael Peddle, Associate Dean for Academic Administration for the College of Liberal Arts and Sciences.
The stimulus would be used for highway, air traffic control and railroad projects. Obama said this stimulus would create “immediate” job growth resulting in an economic boost.
“Every little bit makes a difference. If there are a lot of unemployed construction workers than it might be more effective,” said Carl Campbell assistant economics professor. “However, I think the sense of urgency for this stimulus is due to the upcoming elections.”
The stimulus boost may not benefit everyone in the nation, though.
“This will create work for only certain people and not others,” said Representative Robert Pritchard (R-Hinckley). “A lot of people in this district are not employed in the construction sector.”
Pritchard also said if this stimulus package were to get passed, it would only give $1 billion dollars per state. Some proponents and critics of the plan argue that it’s hardly enough to have a significant impact.
“My gut feeling is that it’s not going to get passed,” Campbell said. “The public and Republicans are weary of stimulus packages right now, given the unpopularity of first one.”