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No... no buyers remorse here... especially since I see that 70% of the American people are in support of our new President!The fact is that "SPENDING" is what the stimulus is all about. And if you are going to have to spend then the winner of the election with the mandate should get a pretty big say about where that spending goes. Rachel Maddow had a great piece from a independent economic research firm that broke down how much different things multiply into the economy. It was very enlightening and even I was a little surprised by some of these facts.Food stamps... about 2 to 1 in the multiplier effect on the economy.Jobs programs... a little less than 2 to 1.Tax cuts... only turns every dollar cut into $1.03.Corporate tax cuts... actually loses almost 2/3 of each dollar cut. I tried to find the clip but it's not up yet. This was the interview right after she had put up the comparison charts... she eludes to the comparisons.[media=youtube]_Cm0X1vVJSg[/media]
No... no buyers remorse here... especially since I see that 70% of the American people are in support of our new President!
The fact is that "SPENDING" is what the stimulus is all about. And if you are going to have to spend then the winner of the election with the mandate should get a pretty big say about where that spending goes.
Rachel Maddow had a great piece from a independent economic research firm that broke down how much different things multiply into the economy. It was very enlightening and even I was a little surprised by some of these facts.
Food stamps... about 2 to 1 in the multiplier effect on the economy.
Jobs programs... a little less than 2 to 1.
Tax cuts... only turns every dollar cut into $1.03.
Corporate tax cuts... actually loses almost 2/3 of each dollar cut.
I tried to find the clip but it's not up yet. This was the interview right after she had put up the comparison charts... she eludes to the comparisons.
[media=youtube]_Cm0X1vVJSg[/media]