Bill Gates Speaks on Stimulus Package

On Wednesday December 3rd, Bill Gates, the creator and CEO of Microsoft, was interviewed on his take on the current economy. He believes that President-Elect Obama must work with Congress to implement a wide-ranging stimulus package as soon as possible, as well as double the United States commitment to foreign aid. Gates was quoted as saying "clearly we need a stimulus that doesn't undermine the incentive for business to be careful about their spending and making those correct investments". This is true as if a stimulus package were to come into play companies could become comfortable with where they are, yet this cannot happen if the economy is to recover and build. For the foreseeable future companies must remain vigilant and smart in their dealings.

Another point that Gates is pushing toward Obama is the need to increase the spending on the nation's education systems, as well as attempt to increase upon technological advances which would improve agriculture, prevent disease, and promote agricultural growth in the world's poorest nations. This is also a valid point as the global South is just beginning to enter their industrial revolution as it would be of value to the United Sates if they were to help the growth now. 

Gates made another great point in saying "The key point I'd make is that in addition to that stimulus, you've got to fund the kind of scientific work and educational investments that could really have us be a much better country as we emerge from the recession". This is true as while we need a stimulus to help us out of this economic slump, we also need programs that will help us to avoid this type of situation in the future.