Obama's economic disaster?
Obama Plans Spending Boost, Possible Cut in Business Tax - WSJ.com
Quote:
FLINT, Mich. -- Sen. Barack Obama shed new light on his economic plans for the country, saying he would rely on a heavy dose of government spending to spur growth,
How is more government spending any "CHANGE" from the past 8 years :confused:
Quote:
"Globalization and technology and automation all weaken the position of workers," he said, and a strong government hand is needed to assure that wealth is distributed more equitably.
Ahhh, redistribution of wealth.
How does Obama expect to go BACK TO THE PAST? Stop globalization? Ignore technology?
Forget automation?
Does he want farmers going back to mule drawn plows? :p
Quote:
Clinton deficit hawks, especially then-White House economic adviser Robert Rubin, successfully argued that slashing the deficit would have a bigger impact on growth than boosting spending because markets would react favorably to a shrinking deficit
The heart of Sen. Obama's spending program is his plan to SPEND $15 billion a year for 10 years on energy technology. It would be funded by REVENUE COLLECTED [ nice euphemism for higher taxes :cool: ] from a separate Obama proposal to CAP greenhouse emissions through a system of TRADING pollution permits
See cap and TAX.
I do agree :) with eliminating taxes for peolple over 65 earning less than $50,000.