President Obama recently drafted a new proposal, that will hopefully not only stimulate job growth, but also give more help to Main Street consumers and businesses. In a speech he gave Tuesday at the Brookings Institution, he explained how he would like to give small businesses a tax break for both new hires, and for equipment purchases. In addition, he stated wanting to expand American Recovery and Investment Acts, and spend some $50 billion on roads, bridges, water and aviation projects. Although this in theory could be a solid plan, because of the already immense deficit that we are facing this might just create more problems than it would fix. However, assuming that the $50 billion worth of projects does in fact spur new job growth, I think this could possibly have potential, although we will see if it has the desired effect.
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