The literal impact of the economic stimulus bill is something that will take time to valuate. Though, I am not an economic analyst, I will provide a summary of the many parts to this bill and explain the interpersonal impact the stimulus bill will have on the families, organizations, and business' in America within the next year. In simple terms, the economic stimulus is so varied in its logistic applications that it stimulates almost everything all at once; instead of just throwing a load of cash in the hands of regular people. The remedy comes in 8 different parts (or areas of focus). The first of these specific areas of focus is the manipulation of taxes.
The package includes a tax break of about $13 extra a week in everyone's paycheck. This is given to families who send a child to college, buy a new car, buy a first home, or make the ones they own more efficient. This would definitely help my family. I can see how the extra tax break would help me in this area because I am the first child in my family to attend college and I'm also buying my first car this year. The second focus of the stimulus package is that of health insurance. This really helps the people who were laid off and can no longer afford health insurance. The government will pick up 65% of the total cost of that premium of the medical insurance for the first nine months. The third focus of the stimulus is infrastructure. As one could tell, the past eight years have seen deterioration in not only financial foot holdings but also in the country's physical back bone as well. Highways, waterways, bridges, and the like will all be repaired. But this is only a small band aid on a larger problem. Many analysts believe that this part of the plan will not offer employment satisfaction in the needed short term.
Energy comes in at 4th place on my list. With more than $42 billion in energy related investments for renewable energy projects; homeowners looking to save energy, solar panel and wind turbine manufacturers, and companies hoping to bring the electric grid up to par are all prepped to reap major benefits. The 5th part of the economic stimulus package is the funding provided for schools. This sets up $54 billion to help keep teachers on the job. The education department will distribute the money as quickly as possible. Part 6 is the Environment. Reserved is $9.2 billion for environment projects. This will create about 100,000 jobs over the next two year; even though once again it would not completely solve the mess in our environment as quick as some may hope. The last two focus areas of this plan would cater to the police and the poor. The compromise bill gives $3.7 billion for police programs. The budget for food stamps and unemployment will increase in volume and duration.
I think that if there are more cops and less homeless people, then the stimulus would make an extremely positive impact to say the least. In many ways, it seems as if President Obama has attempted to use the stimulus as an excuse to accomplish everything he said in his campaign. Objectively, the stimulus represents a clear example of how our country should and will operate. This plan is a direct result of faith put in our new president. Therefore, I believe the impact will be on a more interpersonal level. We will not only begin to treat our country and its people differently, but we'll also begin to mirror the literal action of the stimulus by delivering more value into our everyday lives. If what economists said about this being a "mental recession" then the economic stimulus bill will surely make everyone a bit happier. This plan will continue to help the economy build better relationships among workers, family members, and other organizations. I believe that interpersonal relations are where the true value and wealth resides because people tend to buy from those they know. Even though this perspective of the impact can be seen as implicit, it is meant to be a stimulant for new thought on how to look at the economic situation of America.
We have become a nation of non creative thinkers. The economy is not the problem; it's our value system of ethics. In 2006 when all of those subprime mortgage lenders made the right decisions and thought about what they were doing then they would not have given people loans they couldn't afford in the first place. We have forgotten the factor of ethics over the last eight years and this stimulus bill re-establishes that frame of thought. We have been responding to our economy without thinking. When we respond without thinking we lose value. Our words lose weight and mental laziness sets in. The effects of responding without thinking are subtle, but track able nonetheless. If you scroll through your email "sent" box you'll see a multitude of automatic responses that you've already forgotten about. We forget to follow up with business. We neglect to show our loved ones who care. We let economic tragedies overcome the nation....These are just a couple of adverse effects of response without thought. To me this question is quite difficult to answer because it is probably the one most critical factors of differentiation between a progressive age and a regressing society. I've never taken the time to think about a question like this. Honestly speaking it would be impossible to quantify the true impact of the stimulus package today.
Years from now I would have to look back and process tons of information in order to get a tangible answer. Therefore, as it relates to the implicit impact of the stimulus package, interpersonal relations are the equivalent of economic value. When people believe the country is doing better on a grand scale, then it is. The true answer to this question though, reveals the direction of a whole generation.
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