President Obama’s Naked Moment by Peter Rubinson.

In the news report of the Forbes Magazine of February 6, 2009, both Democratic Leadership and the Republicans met concerning the Economic budgets. Attention was paid to both the last Administration and the new Administration’s economic stimulus.

According to Peter Robinson, the new administration’s emergency economic rescue plan referred to laughingly as an “economic stimulus” appeared concerning to many legislators. The bill represents a sham and outrage. Out of the more than $800 billion in spending that the Legislation authorizes, less than $100 billion would go to highways, the electricity grid or destinations that might-produce genuine economic growth. The rest will be transfer payments to interest groups. More than half of the “emergency” spending would not even take place until fiscal year 2010. In the meeting of the house last week, the legislation provisions were too bad that the house was polarized along party lines. Every Republican voted against it.

I think the economic stimulus should be re-visited so that it can be successfully applied for the benefit of most Americans.