Obama's Economic Plan

In my previous posting I wrote about some of the possible problems with the Obama and the Democrat's strategy. I was reminded in the the Washington Times article in my aforementioned posting that the whole point of the stimulus package is to be quick and implemented quickly. Stimulate the economy sooner the better the later the worse. Spending would "break the cycle." Although I can not say I know the whole argument but it sounds like if there was overwhelming spending now the econmic tailspin won't spiral out of control. I think the assumption is that the unemployment rate shouldn;t reach more than 10% with this plan. It will stop the economic domino effect. Giving people more jobs would lead to more consumer spending sparing more industries while the market reaches the bottom over the next several months. Spending this money later in the year or once we reach the bottom may be to late to save some industries already weakening. If this happens then it would much harder to get back on track. The New Deal and the Japanese plans did not react quick enough make their plans really effective.