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Obama: We’ll spend our way out of downturn, the rest of us should look out!
8 hours ago ago from Errors of Enchantment
Barack Obama just doesn't get it. The previous economic stimuli that he and his cronies in Washington have foisted upon us as the chart below shows: Despite the fact that the unemployment rate has now gone back down to 10 percent, Obama's worst case scenario (no stimulus) would have resulted in the unemployment rate rising to no greater than 9 percent. According to this article , A major part of his package is new incentives ...
Related contentObama Takes Limbaugh’s Advice
20 hours ago ago from Big Dogs House
Copyright 2009 Big Dog . Visit the original article at http://www.onebigdog.net/obama-takes-limbaughs-advice/ . After Barack Obama won the election Rush Limbaugh gave him some advice on the economy. OK, actually Rush gave Obama a proposal which Obama ignored. Limbaugh said that we should cut the Capital Gains tax to zero for a period of time and cut the corporate income tax in half. Limbaugh also said that cutting those taxes would put more ...
Related contentDemocrats- still the party of tax and spend
17 hours ago ago from Freedom's Square
Democrats like to crow that when Republicans call them "the tax and spend party," it is a monicer from the past and weak attack. Well if the shoe fits, and it does, then the dems should wear it. And it is an old attack, because dems have been doing it for years to no avail. Hey, lets spend our way out of this way. Oh dear. New Obama plans: 'spend our way out' of downturn Dec 8 01:35 PM US/Eastern By PHILIP ...
Related contentSecond "stimulus" being pushed by Obama
12 hours ago ago from United Liberty - Free Market - Individual Liberty - Limited Government
Just after a budget deficit of $1.4 billion and starting off the new fiscal year $292 billion in the red, President Barack Obama is planning to spend more money with the false hope of pulling us out of the recession: President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to spend our way out of this recession until more Americans are back at work. Without giving a ...
Related contentNew Obama plans: spend our way out of downturn
16 hours ago ago from Stevex09's Blog
WASHINGTON ( AP ) President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to spend our way out of this recession until more Americans are back at work. Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and tax incentives to encourage people to make their homes ...
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Obama using grab-bag approach to fight recession
22 hours ago ago from Good News Now
WASHINGTON -Franklin Roosevelt, confronted with the worst economic crisis in the nation's history, wrote the book on government jobs programs. Since FDR, presidents have been less ambitious because the economic challenges they faced were less severe. President Barack Obama, battling the worst downturn since FDR's time, has put together a grab-bag program that borrows a little from Roosevelt but much more closely resembles the approach taken ...
Related contentWash. gov: Tax hikes needed to save programs
12 hours ago ago from Good News Now
OLYMPIA, Wash. -Making her case for tax increases, Washington Gov. Chris Gregoire on Wednesday presented a bleak plan to balance the state budget by wiping out spending for health care, welfare, and education programs that reach every corner of Washington. As required by law, Gregoire presented a plan for balancing the state's $2.6 billion budget deficit using only the state's existing tax streams. But in an open letter to Washingtonians, the ...
Related contentFacing budget deficit, Britain taxes some bankers' bonuses
1 hour, 21 minutes ago ago from Washington Post - Business
LONDON -- Britain's ruling Labor Party on Wednesday slapped a one-time levy on bankers' bonuses and vowed future spending cuts and tax hikes to tackle the government's biggest budget shortfall since World War II. The measures underscored the extreme pressure faced by nations including Britain and the United States to confront the massive budget deficits created during the financial crisis. With tax revenue plunging and spending to bail out ...
Related contentCongress readies huge year-end spending bill
16 hours ago ago from FanHouse
WASHINGTON -Congressional negotiators sealed agreement Tuesday night on sweeping spending legislation that boosts housing and heating subsidies but curbs President Barack Obama's requests for aid to Afghanistan and Pakistan. The move comes as lawmakers wrapped the budgets of nine Cabinet agencies into a $1.1 trillion spending bill they hope to complete before a stopgap measure expires Dec. 18. The measure would combine six of the dozen ...
Related contentUK slaps tax on bankers' bonuses ahead of election
13 hours ago ago from FanHouse
LONDON -The British government slapped a one-time tax of 50 percent on fat bank bonuses on Wednesday as it tried to win over recession-weary voters ahead of a looming general election. But Treasury chief Alistair Darling's plan to exact payback for the crisis that led Britain into its worst recession since World War II faced opposition criticism that it was at best political spin and would do little to raise revenue and, at worst, potentially ...
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