Expert Says Stimulus Bill Would Take Years to Make A Difference

By: Rosie Barresi Email
By: Rosie Barresi Email

Whether you agree with it or not, Tuesday the U.S. Senate said yes to a $838 billion economic stimulus bill.

One Colorado Springs expert says it's hard to tell what the bill would mean for Americans in the long run.

Just a few more hurdles to go and President Barack Obama's multi-billion-dollar stimulus plan could become a reality.

"I think he's going to do what he says he's going to do and I think we as a nation need to feel comfortable with that," said Pamela Jenkins who lives in Colorado Springs.

Ken Rogers, a Financial Advisor for nearly half-a-century says our current economic state has him stumped. "You don't know and nobody knows the answers to it right now," said Rogers.

Rogers says he is sure of one thing. "We've got to get it right this time," said Rogers.

Rogers is among those who believe the stimulus money would be better spent in other ways such as putting more of it into our pockets.

President Obama said he has to do what he has to do. "This notion that I just came in here and decided to spend $800 billion, that isn't how I envisioned my presidency beginning," said President Barack Obama.

Even if a version does pass, Rogers believes it will take years for us to actually see the effects. "It's going to take time to get to the bottom of it," said Rogers.

"This is the worst I've ever seen it, so whatever the president is willing to try, I'm willing to support," said Eva Johnson of Colorado Springs.

Some of that stimulus money is slated to go toward helping homeowners avoid foreclosure, toward doubling production of alternative energy and helping to create 4-million new jobs.

Before the bill can land on President Obama's desk the house and the senate need to come to an agreement between their 2 versions. President Obama is hoping to sign the bill by President's Day.

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