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The nation’s battered economy needs an old-fashioned “Rooseveltian lift†of regulatory reforms and government spending on the infrastructure, clean energy and other sectors, U.S. Sen. John Kerry said yesterday.Kerry, facing a re-election challenge from Republican Jeff Beatty, rejected GOP calls for more tax rebates to stimulate the economy, as was done last spring.“I am for a stimulus package. I am not for a stimulus package that just sends out checks,†said Kerry at a Boston Herald editorial meeting yesterday. Instead, Kerry said the nation needs to spend more in areas that will both help the economy in the short run and long run - such as on roads and bridges, clean energy initiatives and life sciences.Calling current financial woes the most “complicated economic time we’ve had since the Great Depression,†Kerry said new approaches are needed to reform the current financial system....
linkYou guys had a lucky escape in 2004, I'm hoping you'll be lucky again in 2008. This is a recipe for disaster.