Earlier today the Senate voted to release the second half of the $700 billion dollar bailout package originally authorized under the Troubled Assets Relief Program (TARP). But this time the $350 billion dollars won’t be bailing out the automotive industry. According to Larry Summers, Obama’s economic advisor, “The incoming Obama administration has no intention of using any funds to implement an industrial policy.” Instead the plan is to keep the funds in the financial sector. Obama is planning to expand lending to consumers and small businesses, and Summers has pledged to commit $50 billion to $100 billion to address foreclosures. The aim is to promote stability of the financial system and increase lending, preserve home ownership, promote jobs and economic recovery, etc…all with the maximum degree of accountability and transparency.
This time around let’s hope that the benefits can be felt by the average American who has been struggling to get by in these tough economic times.Since the economic benefits definitely did not trickle down to most Americans last time, the stated focus of the plan on small businesses and consumer loans seems to be a step in the right direction.And we all know what more money invested in small business and consumer loans means–more spending and the need for more manpower to meet consumer demands.
That’s right, if Obama’s confidence in this plan is well-placed that means you and yours will have a much better chance of finding and keeping gainful employment in the near future. You can be certain that every new position popping up as a result of this economic stimulus plan will be found in one, convenient location.You know what I’m talking about—it’s EmploymentCrossing of course.
So with the help of this bailout money and a little help from EmploymentCrossing, pretty soon you won’t be asking yourself “Dude, where’s my job?” Instead you’ll be asking, “Dude, where’s my car?”You know, the brand new one you just bought with the big bucks you’ll be earning at your new job.
But since you aren’t earning the big bucks just yet, don’t forget to take advantage of our risk free, 7-day trial.
Dude, Where's My Job? by PRGUY222