[lbo-talk] Will Congressional Dems fix ARRP?

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Sun Jan 11 10:29:40 PST 2009



>> The president-elect, who has come under fire from the left in the
>> past few days for proposing that up to 40 per cent of the stimulus
>> should be via tax cuts ...

I've been thinking that maybe tax cuts are (already) less effective in doing much of anything this time around because profits and incomes are down. We've already got a huge "tax cut" coming in the form of simply lower revenues and lost jobs ...

/jordan



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