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Reply #29: What Obama has tried has been more of the same [View All]

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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-04-11 07:05 AM
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29. What Obama has tried has been more of the same
The first stimulus was made up of forty percent tax cuts and credits. The second "stimulus" was virtually nothing but tax cuts and tax credits. After throwing money at Wall St. The Fed policy board is simply printing money. None of this is sure, solid programs for ending this madness.

Obama has squandered his opportunities to truly do something about this economy, back when he had large majorities in both Houses of Congress. He has instead pursued a course to the right of Eisenhower, one that is starting to resemble Hoover.

What was, and still is needed is a true jobs creation program, one that repairs and updates our infrastructure. We saw that this worked back in the day with FDR, we've seen how China has used this same tactic to great effect in the latest downturn, perhaps it is time we used it.

But apparently we're not going to, and will instead continue to muddle along with lower wages and high unemployment. Of course that plays right into the hands of the corporate masters, it keeps labor prices low. Meanwhile, in the name of cutting the debt and forced austerity, we're going to watch social services get cut to the bone, while continuing to fund three illegal, immoral wars.

Just another example of our two party/same corporate master system of government at work.
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