Posted on 07/08/2009 6:03:16 AM PDT by fiscon1
President Barack Obama says there’s “nothing” he “would have done differently” about his economic stimulus plan, but one of his top outside economic advisers says the plan was “a bit too small.”
Democratic Sen. Claire McCaskill of Missouri says the idea of a second stimulus is a “non-starter,” but Democratic Sen. Sheldon Whitehouse of Rhode Island says it “should be on the table.”
(Excerpt) Read more at politico.com ...
Why isn’t the point being made that BO passed the second stimulus bill in February? The first stimulus was passed in ‘08 amidst much fanfare that Pelosi and Reid had saved the economy. Everyone wisely cashed their $1200 stimulus check and put it in the bank or paid off some credit card debt. So what is being floated by Tyson is the THIRD stimulus bill, and should Congress repeat this insanity, the taxpayers should vote every one of them out next year.
Perfect plan: spend the stimulus money after the recession is over. Wonderful.
Correct! The problem with all of the stimulus bills is they don’t stimulate. You can not stimulate the economy by spending. Like drinking a can of Red Bull, it creates a temporary high that wears off and ends up in a crash.
The CORRECT way to stimulate the economy is to CUT BUSINESS TAXES (note I didn’t say personal, I said business.)
It would help healty businesses expand (and create jobs), and help buisinesses on the edge stay in business (saving current jobs.)
It would also lower prices across the board (as competition would force businesses to pass on the lower tax rate as lower prices to consumers.)
An all these are PERMANENT changes. Unlike the changes made by spending, which are temporary.
And do you know who I’m the maddest at? Republicans. They should be shouting this from the rooftops as loud as they can, but are they? No. Why aren’t the Republicans pushing hard for tax cuts, and explaining it is the only way to dig out of a recession?
What the heck are the Republicans doing?
Hiding in the tall grass peeing their pants.
It’s not the size of the Obama’s plan, but the way in which he went about injecting the money into the economy. By doing it with spending he guaranteed that the money wouldn’t arrive fast enough, in large enough quantities, or go to the right sectors (the Dem Congress saw to that last part). A broad-base tax cut would have had a more immediate effect.
So now we’re sitting around with our thumbs you know where while the economy drifts along aimlessly, but always lower.
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