Another disappointing year; another stimulus proposal
In what appears to be an annual ritual, a president has proposed yet another stimulus plan to reinvigorate economic growth and put Americans back to work. This seemingly never-ending series of quick-fixes began in the final year of the Bush administration with temporary tax rebates (at $150+ billion), followed by a huge fiscal stimulus package in 2009 (with an approximate cost of $830 billion), an end-of-the-year measure in 2010 (with an estimated 10-year price tag of $850 billion), and now the latest jobs proposal of 2011, which will set the nation back another $447 billion. All told, these four efforts to pump life into an ailing economy come in well north of $2 trillion.
Sep 13 2011 | Posted in Jim Newton | Read More »
