Robert Reich: Obama's Jobs Plan: Will He Offer Policy Miniatures or Give 'em Hell?

[kpete]

Obama's Jobs Plan: Will He Offer Policy Miniatures or Give 'em Hell?
Posted: 9/1/11 08:48 AM ET

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He'll choose either Plan A or Plan B.

Plan A would be big enough to restart the economy (now barely growing) and reduce unemployment (which continues to grow). That means spending another trillion dollars over the next two years -- rebuilding the nation's infrastructure, creating a new WPA and Civilian Conservation Corps, and lending money to cash-starved states and cities.

Republicans will oppose it, of course. They'll say the stimulus didn't work the first time (they're wrong -- it saved 3 million jobs but it was way too small given the drop in consumer spending as well as budget cuts by states and cities), and we can't afford it (wrong again -- the yield on 10-year Treasury bills is now 2 percent, meaning this is the best time to borrow. And if growth isn't restored soon, the debt/GDP ratio will balloon beyond belief). But their real hope is to keep the economy anemic through Election Day 2012 so voters will send Obama home.

That means the president would have to fight for it. He'd have to barnstorm the country, demanding Republican votes. He'd build his 2012 campaign around it, attacking the Republican "do nothing" Congress. He'd give 'em hell.

the rest:
http://www.huffingtonpost.com/robert-reich/obamas-jobs-plan-will-he-_b_944658.html

[trumad]

1. God we can only hope...

[n2doc]

2. We already know the answer n/t

[emilyg]

3. Yes. We do.