economist say Obama plan could work

uscitizen

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But it is Obama's plan so virtually all on the right will oppose it.
but then possibly only those running for president will opose it vocally?
Republicans in congress know how the public currently feels about both sides of congress with an 82% disapproval rating....
 
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Charles_Main

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they say it will work. Work to do what? Work to turn the Economy around and spur massive new Private Sector growth.

Nope.

Work to give us a temporary artificial GDP bump, and some temporary Construction Jobs just in time for Obama's Re-Election Bid.

Probably.

Or maybe they just mean it will work to trick the American People into Blaming Republicans because they didn't pass a virtual Copy of the First stimulus, only smaller, When it is pretty clear the first one was a failure. Unless you think 250,000 bucks per job is cost effective. lol
 
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PoliticalChic

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Could work?

Color me naive...but wouldn't it make sense to copy models that HAVE worked???

1. America's greatest depression fighter was Warren Gamaliel Harding. An Ohio senator when he was elected president in 1920, he followed the much praised Woodrow Wilson— who had brought America into World War I, built up huge federal bureaucracies, imprisoned dissenters, and incurred $25 billion of debt.

Harding inherited Wilson's mess— in particular, a post–World War I depression that was almost as severe, from peak to trough, as the Great Contraction from 1929 to 1933 that FDR would later inherit. The estimated gross national product plunged 24 percent from $91.5 billion in 1920 to $69.6 billion in 1921. The number of unemployed people jumped from 2.1 million to 4.9 million.

One of Harding's campaign slogans was "less government in business," and it served him well. Harding embraced the advice of Treasury Secretary Andrew Mellon and called for tax cuts in his first message to Congress on April 12, 1921. The highest taxes, on corporate revenues and "excess" profits, were to be cut. Personal income taxes were to be left as is, with a top rate of 8 percent of incomes above $4,000. Harding recognized the crucial importance of encouraging the investment that is essential for growth and jobs, something that FDR never did.
Not-So-Great Depression - Jim Powell - National Review Online


As a result, the recession that started in 1920 ended before 1923. Lower taxes and reduced regulation helped America's economy quickly adjust after the war as entrepreneurs and capital were freed to create jobs and push the economy to recover. Harding's free market policies lead to the Roaring Twenties, known for technological advances, women's rights, the explosion of the middle class, and some of the most rapid economic growth in American history. Still, he is ranked as one of the worst presidents by many in academia's ivory tower
http://www.realclearpolitics.com/articles/2009/02/obama_should_channel_harding_n.htm


And....

2. Then Reagan entered center stage. His first tax bill was enacted in August 1981. It included a sweeping cut in marginal income tax rates, reducing the top rate to 50% from 70% and the lowest rate to 11% from 14%. The House vote was 238 to 195, with 48 Democrats on the winning side and only one Republican with the losers. The Senate vote was 89 to 11, with 37 Democrats voting aye and only one Republican voting nay. Reaganomics had officially begun.

The results of the Reagan era? From December 1982 to June 1990, Reaganomics created over 21 million jobs—more jobs than have been added since. Union membership and man-hours lost due to strikes tumbled. The stock market went through the roof. From July 1982 through August 2000, the S&P 500 stock price index grew at an average annual real rate of over 12%. The unfunded liabilities of the Social Security system declined as a share of GDP, and the "misery index" fell to under 10%.

Even Reagan's first Democratic successor, Bill Clinton, followed in his footsteps. The negotiations for what would become the North American Free Trade Agreement began in Reagan's second term, but it was President Clinton who pushed the agreement through Congress in 1993 over the objections of the unions and many in his own party.
Arthur B. Laffer: Reaganomics: What We Learned - WSJ.com


Truthie....you and the other lemmings are following the ideological Pied Piper over the cliff.
 

CMike

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Obama at this point has ZERO credibility regarding anything involving the economy.
 

Rozman

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Obamacare was supposed to be the best thing to happen to us...
Then why are so many running as fast as they can to get waivers.
 

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