The Stimulus Plan is a plan presented by President Obama to revive the American economy. The plan presents a number of measures including tax cuts, infrastructure development and energy development measures. All of these have been put together in Obama’s Stimulus Plan in order to provide the US economy with new jobs and an improved infrastructure. Approximately three million people have lost their jobs due to the recent recession in the US and higher unemployment rates are being expected (Croft Communications, Inc., 2009). The Stimulus Plan entails the spending of $787 billion. The plan entails government spending nearly $288 billion in tax relief measures as well as the spending of nearly $144 billion in state and local municipalities.
The Stimulus plan also entails the spending of $111 billion on infrastructure development and scientific development. In adherence to the Stimulus Plan, the government shall also be spending nearly $81 billion on the poor people and for the relief of the unemployed. Besides these expenditures, healthcare has also been addressed in the Stimulus Plan through a spending of $59 billion. Education and Training have been assigned a spending of $53 billion while $43 billion has been reserved for energy. Also, the Stimulus Plan entails the spending of $8 billion for other uses (Croft Communications, Inc., 2009). The Stimulus Plan is expected to address recession implications that have been taking place since 2007 and it is for the same reason that the present administration has chosen to give a significant degree of attention to the Stimulus Plan and consider it the most important task at hand.
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