Stimulus package will kick in this year?

Kristin on Jul 22nd, 2009No Comments

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Not many people understand the need for the stimulus package more than the people in the manufacturing industry. People like a reliability engineer that rely on the manufacturing industry for projects, are starting to wonder when the stimulus package will kick in. Although Vice President Joe Biden stated that the current administration “misread” how bad the economy was when they took office, President Obama recently said the stimulus package was not designed to work in four months, but rather over the next two years. Which begs the questions, how much worse will the economy get if it takes the next two years for the stimulus package to work? With unemployment at 9.5%, the highest level since 1983, there is a much greater need for the stimulus package to kick in now. President Obama now warns that unemployment will likely top 10% in the upcoming months.

The stimulus package is supposed to help the economy recover and create jobs. The creation of jobs is something the country needs sooner rather than later. Now only 52% of Americans believe the stimulus package will restore the economy. With jobs being so hard to find, people in specialty fields like reliability engineering and predictive maintenance will have a better opportunity at finding a job if they stay current with trainings and new techniques. The need for a reliability engineer or a predictive maintenance professional will increase as organizations look to make the transition to a “green” environment, and realize the importance of maintaining their equipment. More information can be found on the stimulus package and other economic issues at CNN Money.

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