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Reply #3


Response to dawg (Reply #1)

Tue Dec 20, 2011, 08:35 AM

3. Exactly, it is stimulus by "stealth"

You can't pass a stimulus bill in the current congressional environment. So the best that can be achieved is passing low efficiency efforts like this particular tax cut. As Krugman suggested, the down side is it goes into the hands of many folks that WON'T spend it (such as I). Unemployment benefits, food stamps, or direct employment of the unemployed by the government would be significantly more effective. Too much of the original stimulus was in a form of a tax cut. The Bush tax cuts are still killing us.

It's about the only card Obama has left, and the GOP knows it. They also know it is a really good card for him to be playing because it is a tax cut, and it is having some effect, how ever small. Our economy is in a very delicate position and very small effects will still have a net positive outcome.

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Arrow 32 replies Author Time Post
NNN0LHI Dec 2011 OP
dawg Dec 2011 #1
LineLineReply Exactly, it is stimulus by "stealth"
zipplewrath Dec 2011 #3
kentuck Dec 2011 #18
zipplewrath Dec 2011 #19
mmonk Dec 2011 #2
spanone Dec 2011 #4
trumad Dec 2011 #5
matmar Dec 2011 #6
NNN0LHI Dec 2011 #8
matmar Dec 2011 #10
ProSense Dec 2011 #11
matmar Dec 2011 #12
Chef Eric Dec 2011 #26
Chef Eric Dec 2011 #17
ProSense Dec 2011 #7
rgbecker Dec 2011 #9
kentuck Dec 2011 #13
aletier_v Dec 2011 #31
abelenkpe Dec 2011 #14
matmar Dec 2011 #15
abelenkpe Dec 2011 #24
NNN0LHI Dec 2011 #16
matmar Dec 2011 #20
NNN0LHI Dec 2011 #21
matmar Dec 2011 #22
NNN0LHI Dec 2011 #23
abelenkpe Dec 2011 #25
matmar Dec 2011 #27
cherokeeprogressive Dec 2011 #28
NNN0LHI Dec 2011 #32
opihimoimoi Dec 2011 #29
aletier_v Dec 2011 #30
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