FINGER IN THE DIKE: Package Would Give Obama Stealthy Stimulus - WSJ.com
Let's see?
More money chasing more or less the same goods plus what is shipped in from Asia?
A two-year window of perhaps lower taxes followed by? (1) even bigger tax increases; (2) much higher interest rates; etc. - how many businesses have a net return in a 2-yr cash flow projection?
Aren't we still avoiding dealing with making the economy and the US business-friendly?
What about the idea of another (can we say the 3rd) year of extended unemployment benefits while certain firms like Google are doing across-the-board raises to retain staff? Is no one seeing the disconnect?
More debt ($900 billion in the SS stimulus) and only a short-term tax break (2 yrs). Didn't we all learn that people only modify behavior (i.e. add jobs, expand businesses) when there are permanent changes?
Perhaps this is a 'finger in the dike' economic program, but it sure seems as though we really need some major economic restoration and rebuilding - all of which appear to be ignored!
Wednesday, December 8, 2010
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