Wednesday, March 18, 2009

Time Magazine : The Trouble with Obama's New Deal

Newt Gingrich's Time Magazine editorial, The Trouble with Obama's New Deal explores the problems that will face with President Barack Obama's $3.5 trillion stimulus plan. According to Gingrich, Obama's plan would be effective it this wasn't, "...the worst economic challenge in 80 years." Gingrich negative attitude towards the President maybe stem from former-President George W. Bush who, "...failed to turn around the economic decline;" Obama has yet to pick up the pieces. Another key aspect is Gingrich's belief that, "In this environment, the only two relevant objectives are creating jobs and restoring financial institutions to functional stability. Yet the Obama budget has the potential to do exactly the opposite." The irony is Obama's stimulus plan was created to create jobs and restore the economy, as stated, but it had yet to be seen as another fault in the system. In order to smoothly restore America, President Obama should, follow the, "...12 solutions also include a strategy for energy abundance that would lower energy costs by exploring for more domestic oil and natural gas, as well as investing in sources of affordable energy for the future, including clean coal, renewable fuels, wind and nuclear...If President Obama used these 12 solutions as the basis for his 2010 budget, it would enjoy bipartisan support and set America on the path to recovery."

Does the Gingrich's style make it easier for younger readers to understand what's being discussed in the text? Why or why not?
Do you believe in President Barack Obama's stimulus plan or do you see Gingrich's suggested 12 solution alternative as more effective?

1 comment:

  1. I really belive Obama's plan will succeed without the use of the 12 solutions.
    Everything takes its time to be accomplish.
    Patience is the answer to our solution and we will get the states back to where it was before this downfall.

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