This reminds me of a Liberal CEO concubine with an “unlimited” credit card, on a spending spree at Macy’s.
We will barely be able to make the interest payments by the time this is all said and done. In another 3 to 6 months and the plan hits the tank, it will be blamed that the first two attempts were just not big enough and more is needed.
Obama’s plan is a perpetual stimulus-recovery, but only 21% of the $825 billion is actually spent in 2009 and only one in six dollars is actually part of any tax cut policy.
Obama’s plan does nothing to expand free market GDP. It does expand the federal bureaucracy and give Democrats something to run on in 2010.
A fiscally responsible plan would be to cut taxes across the board -— corporate, capgains, personal income taxes -— and cut government spending.