Going on tv and resigning might work better........
Not good enough...
Posted on 09/02/2010 5:00:11 PM PDT by Sub-Driver
White House considering emergency economic stimuli
By: Glenn Thrush September 2, 2010 07:04 PM EDT
The Obama administration is mulling a raft of emergency fixes to stimulate the economy before the midterms, including an extension of the research and development tax credit and new infrastructure spending, according to several people familiar with the situation.
Administration officials have been huddling almost continuously during the past week, brainstorming for ideas that would boost employment without hiking the massive federal deficit – with Treasury Secretary Tim Geithner rushing to the West Wing for further consultations late Thursday.
The White House press office on Thursday refused to say how much a financial package might be, other than to say it won’t be a “second stimulus.” But the administration will have a tough time selling nearly any package to terrified, Obama-phobic Hill Democrats who increasingly blame the president – and his ambitious, expensive legislative agenda – for their dismal prospects this November.
The meetings, which had Obama huddling with his economic advisers twice in the last seven days, have yielded no specific proposals. But he’s given the team a priority: find ways to pay for as many of the ideas, mostly tax breaks, as possible without a deficit increase, an administration official told POLITICO.
The R-and-D tax cut, which Congressional Democrats have already considered would, for example, be paid for by closing overseas corporate loopholes.
(Excerpt) Read more at politico.com ...
Your just not the right animal on the farm.
Betcha I am. It makes no difference. Uncle Sam isn't going to give me a helping hand to put my business back on the map.
Yes, I keep hearing that he is going to force banks to loan money to small business....
great, I own a small business, and I can tell you, that borrowing money is not on my priority list. Period. Why? Too much uncertainty. I wont’ take a loan if I can’t predict what the positives on my books will look like, and right now, I can’t predict what affects the health care law, the requirements of the workers comp act, the impact of wall street regulation and a myriad of other things will have on my business. This is not to mention cap and trade, and every other proposed tax on environmental issues.
Also, how am I going to compete with every lame brained “green” company that is getting money thrown at it. Already I am seeing some of this effect in my sector, with start up companies competing against me, in my realm, who have more capital to toss around than the folks who have played by the rules for years.
The regulatory future is what keeps me from expanding, not forcing banks to loan me money.
Also, isn’t this what got us into this mess in the first place? And when it all crumbles again, the dems will be screaming about ‘predatory lending’.
This joker and his team don’t have a clue.
How many exec. orders will he sign between now and November?
Tax cuts (BIG ones) across the board- Can’t BELIEVE there’s no one in this White House that didn’t pay ANY attention in economics class-! Thomas Sowell- BASIC ECONOMICS -Get a copy-!!!!!
Going on tv and resigning might work better........
Not good enough...
Never before have the voters been so gullible in such overwhelming numbers.
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