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What Does the Stimulus Package Mean for Sales People? For Job-Seekers? The Facts
Where is all the money going? Where will new sales jobs be created?
Currin Berdine | SalesHQ
Where the Most Jobs Are Being Created
The top three growing industries as a result of the economic stimulus package are Construction, Retail, and Business services.
While in your job search, consider researching and applying to these fields…
Construction and Manufacturing:
Mark Zandi, chief economist at Moody’s Economy.com, estimates the construction industry would see a 6.6% boost in jobs, by far the largest of any industry.
398,000 construction jobs and an additional 288,000 manufacturing jobs are estimated to be created as a result of the plan. Most will be in manual labor but many sales jobs will open as well.
These jobs will target about $140 billion worth of projects in infrastructure:
Transportation: $27 billion for road and bridge construction and repair
Mass-transit systems: $10 billion
Repair and renovate school and university buildings: $20 billion
Improved access to broadband: $9 billion
Western water projects: $1.4 billion ($500 million is for flood reduction projects on the Mississippi River*)
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Retail:
Growing by 386,000 jobs, retail is the second highest sector behind construction. This doesn’t mean you will be folding shirts at Macy’s. Positions are opening in stores and corporate offices across the country.
Professional and Business Services:
The focus is helping small businesses that saw profits in the years between 2003- 2008. Keep these changes in mind as you tend to the office books.
There are 375,000 estimated to grow from the economic stimulus plan
Tax breaks for businesses:
- Businesses would get “bonus” depreciation for investing in new plants and equipment.
- The proposal also allows companies that have losses this year to get refunds for taxes paid as far back as 2003, instead of two years (current law.)
- According to the Wall Street Journal “Companies receiving money from the financial-system bailout program are ineligible for the tax provision, a blow for some of the nation’s big banks and troubled auto makers General Motors Corp. and Chrysler LLC.”
*GOP leaders are debating if these provisions are necessary and are attempting to strip them from the bill sitting in the Senate as of 02/02/09
pat
over 1 year ago
16 comments
The money has to come from the bottom up. The "trickle down" theory does not work. As long as the CEO's and upper crust are allowed to soak up the income the people doing the work will never get it!!!!
rich34232
over 1 year ago
918 comments
the approval rating for this package has dropped to 34%
Canuck
over 1 year ago
16 comments
Okay the reason why people are losing jobs is 1) The fat cats who are the CEO's of major corporate companies started this whole mess years ago by outsourcing American jobs. 2) Over a short period of time more and more jobs shipped abroad and less money coming into our country thus first wave of recession. 3) In September 11th, 2001 one of the Twin Towers where hit by a commercial plane flown by a terrorist organization. The Twin Towers Collapsed, thousands died resulting and in-direct recession second wave. 4) When the war in Iraq that should have ended less than a year but extended unnecessarily causing unnecessary spending on military equipment that was never used and still not used today, billions and even trillions of taxpayer monies to fund a never ending war. America ran out of money and had to borrow money from other countries like China for example. America still sends unnecessary funds to Israel. We don't have money, the crime rate is rising in because of the deficit and we still fund other countries who mooch off of us and too lazy to help themselves. Recession skip third and go to tenth wave. The reason why the housing market is what it is because we don't have a job to be able to pay us a decent income to buy a house. You got canned because the fat cat upstairs took the money from the bailout and spent it. We didn't get a penny of it, nope our jobs got shipped to places like China where they don't have to pay their employees and the fat cats collect all the profit. spend $10.00 and it equals $1, 000, 000, 000, 000, 000 a year. Wow!
Getting back to Obama's plan. That money may now seem like a lot but it means a lot. We need to bring back our economy at least short term at the moment. The republicans don't like that because they would rather have all of our money and put it in "safely" in their pockets. Republicans are against evolution and all about funding military arms even when we don't need to. We cannot wave a magic wand and fix the economy in a flash it doesn't happen that way it's not fantasy land. There is a common phrase about sales and investing "You have to spend money to make money" That's the truth. You cannot sell stocks if you don't have stocks to sell. Buy cheap watch them grow and sell high and the cycle goes on and on. I'm all for the stimulus Package and if you're not, then give me your tax credit and I'll spend it well :-P
SellYaUnderDaTable
over 1 year ago
62 comments
Even if you don't agree with it, that won't stop it from happening. Best to just take the facts and use them to your advantage.
BldgMatSalesRep
over 1 year ago
106 comments
FIX HOUSING FIRST!!!!
Ryan_Evans
over 1 year ago
4 comments
All I see is good money thrown after bad. You can't get out ahead this way, and we are the ones that are going to end out paying double.
JBsales
over 1 year ago
2 comments
One Trillion dollars to save 3 million jobs. It would be better to give 48 million people who actually pay taxes $20,000 each and let them spend it. Don't give it to some bureaucrat to blow on make work projects that will come in behind schedule and over budget.
MSI
over 1 year ago
60 comments
After reading this article, I decided to check out the article Marketing Lessons from Past Recessions -- and got a laugh.
"Mark Simpson, marketing director of Ford of Britain, has learned his economics lesson the hard way ...‘The industry contracts and revenue falls, so you have to rein in your expenditure,’ says Simpson. ‘That is one of the first things you do, and anyone who tells you otherwise, that you need to spend your way out of a recession, is talking utter nonsense. "
I couldn't agree more.
MSI
over 1 year ago
60 comments
I agree with the comments here. This is definitely NOT a stimulus package -- it's government pork barrel spending that will bankrupt the county. It would be much better to do nothing than pass this.
One thing not highlighted in the article above is that many of these items -- if passed -- will not be implemented well into 2010 or 2011.
GETTINGFEDUP6
over 1 year ago
2 comments
I don't see any stimulus in the package at all--it is more government speanding--The government needs to do what it is supposed to do and that is STAY OUT OF THE MARKET AND PRIVATE INDUSTRY----what they need to do is put tax cuts on the table---many tax cuts on the table--cut the capital gains tax to 6% just like state sales tax--cut corporate taxes ---and by the way tell these loons to quit saying things are going to get worse--it already is getting worse simply by their saying it...the market keeps feeding on all of the negativity. When will we Americans stand up and take back our country? We have incompetent losers in office that have one objective in mind: To Destroy our way of life--Obama said he wants "Change" is this the kind of change we want? I don't --but I did not vote for him either
latercol
over 1 year ago
2 comments
"Government is the problem...NOT the solution!"
I couldn't agree more.
earll
over 1 year ago
4 comments
Twinbrook is right!, It is nothing than Obama trying cash in on his election win and get every special interest democrate spend he can before we catch on. If you are going spout this kind of BS, maybe we need to re-examine my relationship with this site. This just kills jobs, we are being lied to. Queen P says we are losing 500,000,000 jobs a day if we don't pass it. Scare tactics and stupid ones at that. What next, we are racists if we don't buy into this?
Spending is spending, the money comes from us. The number is $217k spend per job gained. Not doing anything is projected that more jobs will be created than this because the money spend on pork will stay in the economy and they cost us nothing. Fear is the worst motivator for a leader, lie and scare us into spending money and call it stimulus, what with that. It has nothing to do with jobs!!!
twinbrook
over 1 year ago
2 comments
This NOT a stimulus plan!! It is nothing more than out of control government spending!! It will do nothing except put the county deeper into debt and create long-term hyper-inflation and will deplete even more capital from the private sector.
The government DOES NOT create jobs! Only the private sector can create REAL jobs. This Pork Laded, disaster of a bill will BANKRUPT the country! We DO NOT have Trillions of Dollars to spend on this kind of garbage.
Government is the problem...NOT the solution!