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Agreed about the need for larger stimulus bill. I would say 1 trillion is too small for the size of our economy. I think 10 percent of GDP - around 1.4 Trillion - is a good starting point for discussion. The last stimulus bill was half taxcuts which is pointless because it doesn't actually get money into the hands of people that will spend it. This new bill should not contain any tax cuts. We need to use the money to fund more infrastructure projects and create worker retraining programs.
Given that "stimulus" failed in
The US Great Depression
1990s Japan
US 2008
.................. why would one try the same failed policy again and again? Why not try what has worked in the past (perhaps look to the polices of Reagan and JFK)?
Regarding that $1.4 trillion stimulus, do you realize that we are broke? What happens to the US dollar and interest rates with more and more wild spending? If government spending was the path to success, then the USSR, Cuba, and North Korea would be the economic powerhouses of the planet.
She must be confusing the president with santa claus. Even if he launched such programs, they would take years if not decades to really make a difference. It would probably take as long as the outsourcing and offshoring has been going on in the past.
The only rapid program I could think of would be a back to the farms movement, small-scale farming can bind a lot of people. But I don't think that is feasible anymore.
Maxine---Please tell the President to stop subsidizing these 'green jobs' entities, including the three solar companies which have burned through 1.7 trillion dollars in subsidies over the past sixteen months, and still went bust.
Better yet, put a moratorium on all new mandates and regulations from the EPA for the few years, and the unemployment rate would plunge in a matter of weeks.
You got it Marv. Now how do we convince enough people that you are right? You know, lefties, blacks, and White Guilt people.
She must be confusing the president with santa claus. Even if he launched such programs, they would take years if not decades to really make a difference. It would probably take as long as the outsourcing and offshoring has been going on in the past.
The only rapid program I could think of would be a back to the farms movement, small-scale farming can bind a lot of people. But I don't think that is feasible anymore.
I guess you have never given any thought to the fact that all that outsourcing and the like was done because of over-regulation. At least try to see the facts in this.
So these things are the same kind of programs that Obama keeps coming up with about 10 years from now. He doesn't believe that he and the present Congress will be long gone when all hid 10 year plans fail to come to fruition.
She's no economist, but her proposal are backed by liberal economists. The right is clueless on economics.
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