The Op-Ed

It is almost a year long since the 787billion was using in the economic system. Is there anything change? It was a most useful weapon in our people’s mind, but right now, it seems swam like a stone. The vice president said “The Federal government’s $787 billion program to reshape and stimulate the U.S economy is working better than expect”. Well, in my opinion, if the situation right now is better than their expectation, then maybe their expectation was set at a too low level at the beginning.
Do you know this word -- “To rob Peter to pay Paul”? That is what the thing happening right now. Why? Let’s say, first, the “big bill” digs a big hole of deficit. This is what the information from the web site “the deficit of the fiscal year 2009, which ended September 30, came in at a record $1.42 trillion, more than triple the record set just last year.” Oh, my god. All of us need to pay this in few years later in the form of high interest rate and taxes. Then the second thing is the taxes cutting. I knew that to those people who are the first time by house before this year, the government will give them the 8000dollars tax rebate. It sounds good. But I worried that this plan stimulates many people go to buy the house. In another words, the banks make a lot of loans that can help themselves to create the money. But I hope that they did not forget the poor people right now and this time crises happened just because too much loans were could not been paid. Well, hopping my worry is unnecessary. At last, one more thing I want to talk is for the unemployment rate. What the government said is “this stimulus plan would save or create 3.5 million jobs.” But the fact is the unemployment is 10.2% now. Those people who still have a job should feel so lucky they are. Do we doing something wrong in the stimulus plan? I am thinking that, in this plan, it saved or created the jobs by helping the companies but not the people. It cut the companies’ tax, gave them money to enlarge the job positions, but however, relies on the surface help is useless. We lost jobs because the demand of the market decreased but not the companies. The companies are only the thing that shows the relationship between the market and the workers. So, if we want to reduce the unemployment rate, we need to fix our market first. We need to recover our market, make it work normally then the demand would increase. In this way, the companies would really like to hire people because they need more workers but not just because the government gives them money to help them have enough ability to pay the workers’ salary.
After I made that much of comments on the stimulus plan, the plan has already been working for almost a year. What I can do is watching and praying.