That's the policy diet our betters wish to feed us:
Gene Sperling, the director of President Barack Obama’s National Economic Council, said Sunday that Obama is offering congressional Republicans “a grand bargain on jobs. He has said he would be willing to do corporate tax reform that lowers rates to 28 percent, simplifies taxes for small businesses, but do it together with a major infrastructure investment.”
In his budget proposal last year, Obama called for $50 billion in additional short-term federal spending on infrastructure projects such as bridges, highways, and mass transit systems, as well as creation of a National Infrastructure Bank to make loans to such projects.
“The economy is improving” and “we’ve had a lot of momentum,” Sperling said on NBC’s Meet the Press, but there are still “people who are desperately looking for work.” He said, “We have to admit---and we do admit---that the worst legacy of this great recession is the crisis of long-term unemployment.”
Because the last grand bargain worked out so well.
It's like this: The economy is not improving for a majority of our citizens. And $50 billion dollars is not a "major investment," it's a down payment on a project that will require trillions more to be done correctly. More to the point, why are we proposing to give more money to Wal-Mart and Bank of America, and every other corporate person that's earning profits off the impoverishment of millions of people, in exchange for inadequate stimulus? Is this really the best the White House can offer?
It's a sad commentary on the state of our politics that the best possible outcome is another rejection from the zanies, and for nothing to happen at all. But it's better than handing out billions in tax relief to the people who caused, and who perpetuate, our recession-without-end.
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Baron V