It's just throwing money in both directions without getting anything really done long term. And we'll need unemployment insurance before the tax cuts are spent. All this does is guarentee the status quo on the economy, no improvement. As a matter of fact we're getting deeper in debt to China as a result of the rich getting their tax cuts.
Edited on Tue Dec-07-10 03:16 PM by Nicholas D Wolfwood
But I've yet to see a different path forward that is A) feasible and B) not deleterious. Unfortunately, America elected a lot of Republicans, and this is what happens.
3. That's about it. You captured it in one short paragraph better than anything I've seen so far.
Edited on Tue Dec-07-10 03:20 PM by leveymg
Let me add my .02: This is also about stabilizing the status quo until global investors have finished pulling their capital out. Don't want it to happen too suddenly or to startle the herd, which would drop share values.
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