Conley
09-09-2011, 07:44 PM
If it were 2009, and President Obama enjoyed a comfortable margin of support in both houses of Congress, his latest jobs plan would probably sail into law, with the freshly minted stimulus money headed out of Washington tomorrow, or maybe the next day.
This time, after all, he proposed a little something for everybody. His plan includes traditional Keynesian spending on roads and bridges that engineers insist are in urgent need of repair. There are generous tax cuts for small businesses, many other companies and most ordinary workers, which seem sure to appeal to conservatives. The unemployed would get a lift, and Obama would likely keep tapping Main Street voters on the shoulder to remind them how he'd put teachers back to work and make sure cops and firefighters continue to man their posts.
http://finance.yahoo.com/news/Who-Would-Win-Under-Obamas-usnews-263488345.html
This an interesting summary...seems a little biased pro-Obama. I do think he should have done something like this years ago when he had the chance instead of throwing money and banks and Wall St. I don't think we have another half-trillion to spend right now, so some of this stuff has to be cut. No explanation on how to fund it and I agree that companies aren't going to want to spend if they think their taxes are going to go up. Really though even with a tax assurance they still aren't going to hire because the economy could break down further at any point. Only someone bold would want to expand their commitments right now....could take a chance in RE and the markets but it is a big risk. Not as if cash is safe either though. Ugh.
This time, after all, he proposed a little something for everybody. His plan includes traditional Keynesian spending on roads and bridges that engineers insist are in urgent need of repair. There are generous tax cuts for small businesses, many other companies and most ordinary workers, which seem sure to appeal to conservatives. The unemployed would get a lift, and Obama would likely keep tapping Main Street voters on the shoulder to remind them how he'd put teachers back to work and make sure cops and firefighters continue to man their posts.
http://finance.yahoo.com/news/Who-Would-Win-Under-Obamas-usnews-263488345.html
This an interesting summary...seems a little biased pro-Obama. I do think he should have done something like this years ago when he had the chance instead of throwing money and banks and Wall St. I don't think we have another half-trillion to spend right now, so some of this stuff has to be cut. No explanation on how to fund it and I agree that companies aren't going to want to spend if they think their taxes are going to go up. Really though even with a tax assurance they still aren't going to hire because the economy could break down further at any point. Only someone bold would want to expand their commitments right now....could take a chance in RE and the markets but it is a big risk. Not as if cash is safe either though. Ugh.