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Reply #88: I believe Ben Bernanke's 60 Minutes interview gave Obama unexpected help in [View All]

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ProgressiveEconomist Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 02:41 AM
Response to Reply #85
88. I believe Ben Bernanke's 60 Minutes interview gave Obama unexpected help in
getting Rs to agree to a second economic stimulus, in addition to maintaning the satatus quo Bush era tax breaks. When Dubya's pick for Fed Chair says fiscal stimulus is needed, responsible Republicans listen.

Next year, after this tax-side stimuls deal passes, I believe President Obama will send the pundits into another swoon with Executive Orders for spending-side stimulus (infrasturcture, aid to struggling states and localities, green jobs programs, etc). Remember, TARP has hundreds of billions in returned and unspent funds, and some high-powered lawyers think Obama has legal authority to use those funds for the same broad purpose as TARP--easing the economic crisis. IMO, such Executive Orders well may be the centerpiece of the President's SOTU address.

Republican heads wiill EXPLODE!
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