Friday, April 17, 2009

For this, he plans to invest in US infrastructure to create jobs in the long term and also reduce dependence on oil.

ZEE BUSINESS BEST B SCHOOL SURVEY

As of now, Obama’s focus is on the $700 billion financial rescue package passed by the Bush administration. He has also advocated a second stimulus package to fuel the economy. In his manifesto, Obama has talked about a $50 billion package, which includes $20 billion in tax rebates, $10 billion to extend unemployment benefits, $10 billion to prevent foreclosure on primary residences and aid state governments. But Bill Shughart, economics professor at the University of Mississippi, feels that a stimulus package will only bring additional deficits to the elephantine $1 trillion deficits of the US economy. However, it is also felt that if the stimulus package is designed such that money is used more to pump dollars in infrastructure rather then going directly to the taxpayers, it will help the economy more as it will create jobs and would reap long term benefits. Roosevelt used a similar approach in the 1930s.

Obama is planning to work on both ends. On one hand, he has promised a tax structure to cushion the middle class Americans to deal better with recession, on the other, he is looking for long term solutions to bail out the economy. For this, he plans to invest in US infrastructure to create jobs in the long term and also reduce dependence on oil. He plans to create a National Infrastructure Reinvestment Bank and infuse $60 billion over 10 years, to finance transportation infrastructure projects across US. As per estimates, these projects will create up to two million new jobs (direct & indirect).

For more articles, Click on IIPM Article.
Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).


Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...

1 comment:

Phil72 said...

Visit http://www.advocateforyourhome.net for afffordable Forensic Loan Audits. Our mission is to provide our clients with professional and effective loan consulting solutions which result in the relief of financial hardship while maintaining home ownership.