Thursday, February 19, 2009

Exactly who is getting stimulated by Obama's Stimulus Plan?

Not exactly entrepreneurs and small businesses. Small businesses make up 98% of all businesses in the world. A small business is considered any business with 100 employees or less. They employ half the population of working Americans.

Obama plans to sign into law his $787 BILLION stimulus package to revive the economy will billions going to health care, education and tax cuts for individuals.

He has also recently released the Small Business Emergency Rescue Plan to help out small businesses by making it easier to get loans.

Only time will tell what's going to happen. The idea of this stimulus plan is to have Americans pump more money into the economy, but as business owners become more savvy, this is going to be tough.

Only time can tell.

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