Monday, January 19, 2009

Economic Stimulus Package


It’s good to be back to work after a long sabbatical following the victory of President Barrack Obama relieving the stress of the Bush error. Let me go on record in voicing opposition to any economic stimulus. What America needs is stricter regulation upon all financial institutions, ceilings on home prices which will jump start the economic and infuse wealth. Continued readjustments within the housing market on a downward trend is actually good for America. I can remember a conversation with a colleague a couple years ago in regards to buying a home, then a dream unattainable at our salaries. Those in the business of selling homes hope the decrease in home values in some markets is temproary, the fact of the matter is housing has faced a readjustment, prices have reached their peak. Current prices as of January 2009 may be the ceiling for some time in my observation. We as leaders of this new economic and political error must direct our collective competitive drive towards success in a direction void of corruption, always seeking to implement business practices that generate profit, are pleasing to the common worker, and beneficial to the common good of the nation (A.T. Brooks).




"As state legislators worked through a special session to address the budget deficit, Governor Crist announced a new economic stimulus plan for Florida's small businesses.


The two-pronged plan requires an initial $10 million investment from the state. $8.5 million will be used for a pilot loan program to provide up to $250,000 in loans to companies with 10 to 99 employees. The loans can be used to purchase capital, train employees, or provide salaries for new positions. The remaining $1.5 million will be used for additional economic stimulus initiatives.
The Governor's Office noted that this type of stimulus plan is particularly useful given that between 1997 and 2007, 17 percent of the new jobs created in Florida came from small businesses that expanded, exceeding the new jobs created by newly opened businesses or companies that relocated to Florida.


The Governor's Economic Stimulus approach is based on research showing that a small group of high-growth, high-potential businesses can generate a large number of new sustainable jobs. Littleton, Colorado successfully implemented this economic strategy starting in 1987, and between 1990 and 2005 saw an employment growth rate of 135 percent - compared to 47.2 percent for the state as a whole, and 21.4 percent nationwide " (The LeMieux Report ).

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