Obama Stimulus Package Might Be Too Little to Late for Californians

Obama Tax Plan a Drop in the Bucket?

The stimulus package">Obama stimulus package is the response to the epic bailout bill big business received last year. Some hope that it will find expression in a round of Obama stimulus checks; whereas others find that an updated Obama tax plan might be the best way to go. In the absence of definite stimulus package">Obama stimulus package details, conjecture is running wild, and this morning's scuttlebutt is not exception.

The Washington Post informs readers that while the details of the stimulus package">Obama stimulus package are still a bit sketchy, the GOP is asked for input -- most likely in the hopes of garnering the necessary votes to get the needed votes for the stimulus plan and then the stimulus checks into the hands of taxpayers. The magic number that is in everyone's mind and in print is "$300 billion in tax cuts," and an additional $500 billion to be used for the creation of jobs.

What does this Obama tax plan translate into if you are a working family? The short answer is that you receive a tax credit of about $1,000. If you are a single person, you are looking at $500. It is doubtful that these kinds of amounts - in today's fiscal climate - are little more than a few drops in the bucket, and the attention really needs to be turned to the remaining funds that are being committed to the Obama stimulus package.

It is interesting to note that Europeans are favorably disposed toward the Obama stimulus package details. Reuters reports that it is the Obama stimulus package which is actually halting the descent of the American dollar when compared to the Euro and as such there is "hope" and "change" even on European shores.

It is unclear if this is truly because European economic powers recognize the Obama stimulus plan as potentially highly successful or if it is simply the fact that the soon-to-be American president is stepping up and doing something that has more than a snowball's chance of succeeding.