[lbo-talk] devolution

Doug Henwood dhenwood at PANIX.COM
Sun Jan 4 17:46:09 PST 2009


Bad news...this is just pissing the money away.


> NEWS ALERT
> from The Wall Street Journal
>
>
> Jan. 4, 2009
>
> President-elect Barack Obama and congressional Democrats are
> crafting a plan to offer as much as $310 billion in tax cuts to
> individuals and businesses, a move aimed at attracting Republican
> support for an economic-stimulus package and prodding companies to
> create jobs.
>
> The size of the proposed tax cuts -- which would account for about
> 40% of a stimulus package that could reach $775 billion over two
> years -- is greater than many on both sides of the aisle in Congress
> had anticipated, and may make it easier to win over Republicans who
> have stressed that any initiative should rely relatively heavily on
> tax cuts rather than spending.
>
> http://online.wsj.com?mod=djemalertNEWS



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