Obama propose $447 billion job plan

On Thursday president Obama proposed a $447 billion job plan to US congress to stop rising jobless claim and boost US economy.

Rumors and market expecting $ 300 billion relief plan for job but president surprise by rising more fund ,Obama feeling this will boost confidence in companies to gave more job there to gave better services to their customer and products.

In this package nearly $ 253 for tax cut and rest $194 billion for another spending,now worker will be relief to get 50% in payroll tax also companies which will hire new worker and raise exiting worker will be waived from taxes ,this will help to raise job in US.

This all practice create to pull out US economy from recession and it passed by US congress then does it affect to solve problem in US.

After the surprise announcement  to raise almost 50% in amount as expected by market ,reacting by market is not positive and fear to more pain in US economy which pull down DOW JONES and NASDAQ both index down by nearly 1% each.

Finanacial planning for 2011

The global scenario in year yet now on track of recovery but hard to achieve projection ,few things now in economy making hurdle in path of recovery and growth that make worry to government that is  relaxation given to people and industry.

Investor need to care full about there portfolio for this year because of unstable in price and a concern over growth,it is also doubt full to get growth and recovery target as inflation make worry and due to relaxation given by government make a big concern over fiscal  deficit .

Government is just in confuse about growth and inflation,if they taken step to control inflation by interest hike to make low demand it affect growth number for industry .

Investor  need a care of their portfolio on all this factor because year 2011 make decisive year for future of economy so only need to manage portfolio for secure and sustain,investor advice in this year they just manage portfolio even they get less growth then past and aware from risk investment ,whatever investor invest view only for longer term and physically only,always sit on cash to take advantage of any big downtrend happens in there.