"This “administration” has DONE NOTHING to set the economy up for recovery. "Agreed.
- Obama continued to talk the market down from the time he was elected through the first 3 months of his administration.
- Obama doesn't have an effective energy plan, and an oil price shock was one of the triggers for the current crisis.
- Obama/Bush's bailouts have not restored confidence or removed the impaired assets from the banking system.
- Obama's stimulus plan doesn't build viable long-term infrastructure except for a few roads that are of doubtful usefulness, unless he gets hold of the energy problem.
"It will take tax relief, huge incentives to lending institutions, SERIOUS personal and business tax relief and incentives, AND A GROSS REDUCTION of socialist spending and wasteful political payoffs and vote-buying pork."
- I believe that spending on viable infrastucture such as nuclear plants is a faster, more effective, and more efficient than tax relief. It puts people back to work faster. Unfortunately, that's not the kind of spending we are doing.
- Solving unemployment is more important than tax relief on employed and profitable businesses. Both would be nice.
- Tax relief is important in international competition. But I don't think it's the solution, because no amount of tax relief is going to compete with Chinese working for $2.00 a day.
- Stopping the transfer of manufacturing processes and knowledge, and bringing back some that have been transferred, is necessary.
- The political spending and pork needs to stop.
I agree this admin has shaken confidence, not restored it.