Now I make no claims to be any sort of accountant or economic analyst but it seems the general population of unemployed citizens are the folks we should primarily be concerned with. If we want to talk long term effects let's talk long term effects for the people who will lose out on unemployment benefits during this long term recession. Fewer jobs (and furloughed police officers and firefighters) will eventually equal more crime, lower property values and more business closings. Why? Because the unemployed citizen would have to set new priorities. The unemployed cannot purchase a home or drop by their local deli and drop $5.99 on a combo meal, but they can stuff a can of formula under their jacket to feed their baby.Desperate times do indeed call for desperate measures, and I hate to say it, but isn't falling into debilitating debt the American way?
The way I see it , businesses are going to have to take some more hits just like the general public and it's either gonna come right off the top or on the back end in taxes. This stimulus package, while it's not perfect (and President Obama has made no claims as such), would indeed do just that; stimulate the economy. An citizen receiving unemployment benefits can continue to frequent their local businesses for a while longer. They can pay their insurance and keep their cars legally on the road a while longer. And hopefully, somehow during this extended timeframe, find the employment to continue their part in stimulating the economy.
What do you think? Should the Governors accept the whole kit and caboodle?
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