The New York Times‘ Sheryl Gay Stolberg writes today (8/31/10) about the possible steps Obama might take to bolster the economy:
With voters angry about government spending, and economists divided about just what approach is the correct one, such aggressive steps are by now out of the question. “There’s a deep frustration among economists that they simply don’t know what to do under these circumstances, at least in terms of fiscal policy,” said Bruce Bartlett, an economist who advised Republican presidents.
“I think there are a lot of economists who, in principle, would support some new fiscal stimulus, perhaps a jobs program where people were directly employed by the government or something of that sort,” Mr. Bartlett said. “But politically it’s simply not possible to do anything remotely like that under the current circumstances.”
How many voters are truly angry about government spending? Take a look at this recent Newsweek poll:
Which one of the following do you think should have the higher priority for policy-makers in Washington right now:
37 percent: Reducing the federal budget deficit
57 percent: Federal spending to create jobs
6 percent: Don’t know
Other recent surveys show that voters think unemployment is a much more urgent problem than the deficit (FAIR Action Alert, 6/24/10).
If it’s “politically impossible” to introduce another stimulus bill, it’s not because voters are angry about spending—it’s because of the false narrative of voter anger about spending that the corporate media won’t let go of.
Yeah, billionaires, their think tank “economists,” their academic grantees and their media toadies or educated people with a sense of common decency.
Im numb.When will it get through to folks that government throwing money at this problem is no better than flushing it down the toilet.VP Bidon said at this point we would be creating 500 thou jobs a month.We have created nothing and are still sinking.Obamas chief economic counsel adviser(just quit) has admitted to being mystified.In effect not having a clue as to what to do.Big surprise.These lib socialist anti capitalists,academia eggheads who never spent a day in the private sector are lost in a free market economy..Well I’ll be.
Government can not create even one job. And Government jobs are simply a shifting around of tax payers toil and till.Wealth,real wealth,and ALL wealth -comes from the private sector.We need to recreate wealth.And fast.The only thing government can do to help -is to vanish.Cut corporate tax rates.Cut taxes across the board.Shrink government and their hold on peoples lives.This is not philosophical this is practical.WE know what works.Everyone can see what Obama has espoused has failed.In November we will have a new Senate ,Congress,and house. Following that a new president.The goal will be to find the relationship between the private sector and government.With government taking a back seat.And frankly….. getting TRONE out a da winda.If we are lucky!
Like an amoeba, Michael e responds to a variety of stimuli with a single response. And like an amoeba, that may be the extent of his range.