Thursday, October 22, 2009

Don't Look Now--it's a second stimulas

A second stimulas won't fly with some Americans, despite the fact that Warren Buffet, joseph Stiglitz and other experts have called for one.

That's why, even though the White House willlikely puch something that walks and talks like a stimulas, no one will call it the "S" word. http://blogs.moneycentral.msn.com/topstocks/?fpn=don%20t%20look%20now%20it%20s%20a%20second%20stimulus

This would contradict everything this administration states on the impact of the stimulus on the economy. President Obama stated that the passage of the stimulus would stabilize unemployment at around 8%, but unemployment is now 9.8% and projected to go higher. Vice President Joseph Biden stated that that stimulus is working; the very next day unemployment went up. If the administration truly wants to jump start this economy then start helping small businesses. Ease the credit crunch that hampers the growth of small business, remove burdensome regulation, and stop Cap & Trade legislation that will place undue burden on the backs of business thus stifling economic growth. Finally start getting the federal deficit under control, both administrations failed in this area. Another stimulus proves that the first one failed and that this administration is no different than the last one on improving the economy.

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