President Aims to Spur Job Growth With Stimulus Cash

Wednesday, December 09, 2009

Yesterday, the President unveiled an ambitious plan to spur jobs, cut the national deficit and re-shape the foundations of the American economy. 

Managaging Director of the Economic Cycle Research Institute Lakshman Achuthan joins us to analyze some of the plans Obama outlined in his speech. We also bring in two small business owners who hope to benefit from the initiatives.  Dawn P. Jackson (owner of NuDawn Marketing Group in Maryland) and Walt Rowen (owner of Susquehanna Glass Company in Columbia, PA) discuss how their businesses would be affected by the proposed stimulus package. 

Guests:

Lakshman Achuthan, Dawn P. Jackson and Walt Rowen

Contributors:

Hsi-Chang Lin and Clancy Nolan

Comments [3]

Catherine

One thing Obama could do to help small businesses would be to put some of the money into the Small Business Innovation Research (SBIR) program. Since the 80s, this program has provided seed capital for small high tech start-ups by setting aside a percentage of each agency's research budget for small business projects. However right now since those research budgets are reduced, the SBIR program has been severely cut back, at a time when small businesses also have trouble getting credit or investment to get by. I am in one of those businesses and even a small SBIR contract would go a long way to helping us survive this lean period. Investing in this already established program would help start-ups create and maintain jobs as well as fostering innovation.

Dec. 09 2009 11:03 AM
Sarah

There are hundreds of thousands of under-employed yoga/tai chi teachers in the US.

A small, low-investment economic stimulus program to create yoga/meditation/relaxation classes five days a week in schools, hospitals, senior and recreation centers would have many benefits.

It's good preventive medicine and would help these freelance workers pay for their health insurance.

Dec. 09 2009 09:14 AM
Brenda

The President's wishes to abolish the cycle vs. Lakshman's view that cycles are not going away, but may become even more frequent. You could do a whole show on that. At start of show Laksman said something like that I think.

Dec. 09 2009 08:11 AM

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