The Conservative Cave
Current Events => Economics => Topic started by: bijou on October 26, 2008, 10:01:24 AM
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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.
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link (http://www.bostonherald.com/business/general/view/2008_10_25_John_Kerry_wants_New_Deal_II:_Backs_big_fed_stimulus/)
You guys had a lucky escape in 2004, I'm hoping you'll be lucky again in 2008. This is a recipe for disaster.
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link (http://www.bostonherald.com/business/general/view/2008_10_25_John_Kerry_wants_New_Deal_II:_Backs_big_fed_stimulus/)
You guys had a lucky escape in 2004, I'm hoping you'll be lucky again in 2008. This is a recipe for disaster.
Sadly the effect of raising corporate taxes to pay for all these programs is not intuitive to the mass of our voters, and the obvious connection between raising the cost of doing business and the impulse to offshore jobs or even entire industries makes less impact even in the Conservative base than is the case with broader social issues. Populists always want to rob the bank 'because that's where the money is' rather than look at even very-obvious second-order effects of plundering the producers.
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I guess the great state of the Massive-2-Shits needs more 14 billion dollar, union built, mafia supervised tunnels with costly over runs.