President Obama talks again about the economy. With the job situation remaining bleak the stimulus package has been subjected to renewed criticism from Republicans, as job losses continue to mount. And the President is no doubt hearing the foot steps on the deficit, which he speaks to as well. As the stimulus winds its way through the economy some observations.
1) The pace of spending is not what was envisioned when the bill was passed. The money is going out too slowly.
2) The job creation portion of the stimulus needed to be a larger portion of the overall bill. And that should have contained greater sums for rebuilding existing infrastructure as well as building new infrastructure, especially in the energy and mass transit areas.
3) There needed to be greater balance in giving cities aid to offset the downturn between the education sector and standard city side operations. The education piece was great, but there was nothing for job retention for police and fire. I know that there is some grant funding still coming down the pipeline, but it should have been in place already.
Those are some thoughts on the stimulus bill as it stands today. What do you think?