Stimulus – Saving the Economy & World or Not?

President Barack Obama signs the economic-stimulus bill in Denver today at the Denver Museum of Nature & Science, as Vice President Joe Biden looks on. (The Denver Post | Craig F. Walker)
Today, President Obama signed the $787 billion Stimulus Bill into law here in Denver, Colorado. The plan is designed to jump start the economy by providing for some of the biggest spending seen since World War II. Dollars are earmarked for roads, infrastructure and a fair amount of money will be used for the development of renewable energy solutions.
Why we have neglected our roads, bridges and electrical system infrastructure for all these years is hard to say. I suppose that as long as things worked no one cared enough to appropriate funds to fix them. In more recent years, problems with bridges collapsing and with the power grid have made these projects a no brainer. We need transportation and we need more efficient ways to transmit and bank electricity.
Perhaps the biggest legacy from this epic spending bill will be if the dollars invested into green technologies can be turned into practical renewable energy solutions that create jobs, wealth and reduce our reliance on greenhouse gas emitting fossil fuels sold to us by countries that don’t like us very much. I think that is pretty exciting.
Honestly, I am leery of any big spending bill, but what do you think about this all? Do you think the stimulus bill will improve our lives and help the economy or do you think that only a few companies will really profit from it and that the tax payers will get screwed?
