For those of you who have XM Satellite radio, I will be discussing the new proposed spending programs from 5:00 to 6:00 pm today on POTUS with Pete Dominick:
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
"The Greek offer is not sufficient and they have to go away to come up with a revised plan," said a spokesman for the German Finance Ministry. The Greeks must first have a plan that satisfies the Germans which this comment states they clearly don't yet and then the Greek Parliament will vote on it this weekend. This said, whatever package gets voted on in Greece is basically an up or down vote on euro membership so we are entering another uncertain weekend for global markets. A failed vote will likely lead to a hard default which may be what...
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September 7th, 2010 at 4:22 pm
Obama’s biggest mistake of 2009 was that he tried to get Republicans to behave responsibly as partners in government by making 1/3 of the Recovery Act reflect their ideas (tax cuts). The Recovery Act created 3 million jobs even with these inefficient tax cuts, so imagine what it could have done with an extra $200-$300 billion in infrastructure spending.
Plus, unlike with tax cuts, infrastructure spending stays in the US.
Some day I’m going to write a book called “When Republicans were Patriots.” It will cover the events from 1929-1933, when a core of patriotic Republican Congressmen fought both party and president to demand that government help a starving nation. They were not able to overcome the opposition, but they laid part of the groundwork for the New Deal.
Those were the days…when Republicans were Patriots.
September 7th, 2010 at 4:44 pm
Just adding this to the mix…
http://robertreich.org/post/1079916360/why-obama-is-proposing-whopping-corporate-tax-cuts-and
September 7th, 2010 at 10:08 pm
Cramer had an 8 point economic/job generating program which he proposed on air be taken up by the administration. All eight seemed like great ideas to me.
September 8th, 2010 at 2:44 pm
[...] on XM Sirius, we discussed [...]