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Will Obama's "Recovery Plan" help the American economy or dig us a deeper hole?
What's your party?
Niether today. The hole has been dug over the past 40 years due to the buying of the government by the corporations. Recovery is a lifetime process, and complete recovery will take decades. Many ivory towers will have to fall, before any true attempt will be made or succeed. (The plan, is a short term stabalizing move, not a fix. it might work, it might not.)
I vote for people of all the parties. (In 2008, if you must know, I voted for Ron Paul in the primary, Obama in the general election)
Niether today. The hole has been dug over the past 40 years due to the buying of the government by the corporations. Recovery is a lifetime process, and complete recovery will take decades. Many ivory towers will have to fall, before any true attempt will be made or succeed. (The plan, is a short term stabalizing move, not a fix. it might work, it might not.)
I vote for people of all the parties. (In 2008, if you must know, I voted for Ron Paul in the primary, Obama in the general election)
Dear Plannine, I really enjoyed reading your comment. Thank you.
The recovery plan will help in the short run but it will crowd out private investment in the long run and we may require more stimulus down the road (maybe 2-3 years). That is if we are lucky. If the government can't get enough money loaned to them then they will be forced to print the rest of the money they need and the FED will need to manipulate interest rates to control inflation.
Once the bond bubble bursts (it will almost literally pop overnight), it's game over for the spend-o-matic administration and Congress.
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Interesting point.
