Is the Stimulus Package working?

It is pretty impressive for President Obama to put together a package of this size in his first 100 days in office. But was the release of this package too hasty? Does every American really understand the details of the package? I myself am still confused. I personally don't agree with bailouts and with the failure of the first bailout, I am very weary with this one. I agree with the economic stimulating power it has but I don't agree with combining it with a bailout plan yet again for large corporations.

According to Time magazine, the unemployment rate was set to rise 8.5% in the month of April. The stimulus package did raise unemployment benefits for those who have lost their jobs. This however does not show the stimulus package stimulating job growth. It seems more like cushioning the blow for the American people to get by. More businesses have cut jobs, such as MTV, and the closing of Circuit City. It is apparent that things are not getting any better. According to the Wall Street Journal, the Dow Jones has dropped even deeper since March 5^th. Banks such as JP Morgan, Bank of America, and other banks who received bailout help have decided to return the bailout funds. They fear that having government control over their business would impose more restrictions on their private enterprises. Now how will the economy be stimulated?

It may be way too early to tell how this package is going to help. There is not much information available to really study what is going on with our economy. Washington has posted a site to help show the progress of the economy and the stimulus package. It really doesn't give an overall accurate measurement of how the much stimulation the economy has had. Obama may have put this package together very hastily in hopes to fix the problems with money. Again, the question of where the money is coming from has many American's concerned about the future for not only themselves but future generations. $835 billion dollars is a lot of money for which the tax payers will most likely end up paying for in the future. Even though many Americans and politicians alike did not agree with it and had no say.