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Old 12-20-2008, 04:14 AM
 
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since obama is appointing people from the center for american progress it is a good idea to look at what their agenda is for the new administration economically:
How to Spend $350 Billion in a First Year of Stimulus and Recovery
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Old 12-20-2008, 04:55 AM
 
Location: western East Roman Empire
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Originally Posted by floridasandy View Post
since obama is appointing people from the center for american progress it is a good idea to look at what their agenda is for the new administration economically:
How to Spend $350 Billion in a First Year of Stimulus and Recovery
It's still vague, but I don't have time to read the whole report.

Of course, subsidies for immediate needs will comprise a significant proportion.

Probably the largest chunk will go to pork-barrel spending, including the usual graft. Some of that will prove to be useful even in the long-term, some won't.

Probably a lesser proportion will go to affecting structural changes in energy, transportation and zoning, and whose long-term effects are uncertain.

Not perfect, but better than nothing.

I would measure success by the following equation:

production - consumption = saving + investment

If policymakers can shift the 'C' in the GDP equation back down to around 64%, around 62% would be even better, and get 'I' back up to around 20%-22%, it would be no small achievement.

But I just don't have confidence that there is the discipline or the political will to achieve that right now. I hope I am wrong.

Good luck!
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