Capital Commerce

Is the Center Killing Obama's Stimulus Plan?

February 9, 2009 RSS Feed Print

Comment (5)
Tweet

Paul Krugman declares that congressional centrists made Obama's stimulus plan "weaker and worse." He wants a much bigger, grander plan. Yet the problem for the White House and its dreams of getting huge, bipartisan majorities was that the plan was never bipartisan in substance. Lots of spending on traditional Democratic agenda items, somewhat less so a "green New Deal," and tax cuts that were really just another kind of spending. And the whole thing just never seemed very stimulating. Imagine, though, had the plan consisted of a payroll tax cuts, cuts in corporate and capital gains taxes, loans to states and local governments, and energy investment items. Something like that might have done the trick ...

« Previous Post Next Post »

Reader Comments Read all comments (5)

Add Your Thoughts Comment Name State Email

Please enter the two words below into the text field underneath the image.

Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Blame Nancy Pelosi and the extreme far left of the Democratic party. If they had only taken the time in the House to get things right and fiscally responsible by getting input from the New Democrats, the Blue Dogs, and the Republicans, maybe it would be better for our country. The bill is appalling and has a hidden healthcare agenda that has nothing to do with stimulating our economy. His endorsement of this abomination may demonstrate what Obama's true color is. We need a stimulus with the right spending and tax cuts, this Obama plan will fail our economy and fail America. And while I appreciate Senator Collins' and Senator Nelson's efforts to try to clean this thing up, it is still excessive in its spending and the role that it could be permanently be giving to our ever expansive federal government. All this talk about failed small government policies from the Bush administration is pure deception. The presidency of George W. Bush saw the largest expansion of federal power and spending since perhaps LBJ. Obama seems to be bringing us more of the same --- and worse.
As for Paul Krugman, I guess one good thing about Obama is that he is refraining from the excess this guy is promoting. Remember, he won the Nobel prize for research in trade theory & trade patterns not for being a liberal hack on the editorial page of the New York times.

Joe C of VA 11:46AM February 10, 2009

Pork-o-nomics can fool some of the people all of the time. The Pelosi pork bill is morbidly obese and in danger of being exposed by Rush and others. Better get it passed quickly.

Luther of IL 4:12PM February 09, 2009

""Lots of spending on traditional Democratic agenda items, somewhat less so a "green New Deal," and tax cuts that were really just another kind of spending. And the whole thing just never seemed very stimulating. Imagine, though, had the plan consisted of a payroll tax cuts, cuts in corporate and capital gains taxes, loans to states and local governments, and energy investment items. Something like that might have done the trick ...""
You can only give Tax Cuts to those that pay their taxes, or actually have a job and pay taxes.
However, this is not the time to have any sort of Party Lines. This is a time for America.

jeremiah of AZ 2:51PM February 09, 2009

Capital Commerce

Is the Center Killing Obama's Stimulus Plan?

Reader Comments Read all comments (5)

Capital Commerce

Rankings Lists

U.S. News & World Report

Sections

Is the Center Killing Obama's Stimulus Plan?

Related Articles

Reader Comments Read all comments (5)

Capital Commerce

Follow U.S. News Money

Like Us On Facebook

Subscribe

Rankings Lists

U.S. News & World Report

Sections