Here’s where I think the tea parties really missed a huge opportunity: bailouts. I heard a lot of talk about wasteful spending, skyrocketing debt, and unjust taxes; I didn’t hear much about the gigantic sums of taxpayer money going straight to failed banks run by highly questionable CEOs. Oh, and good luck getting any details [...]
Context: I feel the need to examine the claim that tax cuts will stimulate job creation and/or prevent job losses in the US. There is a heated partisan debate in Washington about how to stimulate the economy and prevent a severe depression. Conservatives have been very critical of the liberal solution: massive government spending and [...]
Now that the world has accepted that we are in a serious economic recession, we’ve moved on to the tougher step of what to do about it. President Obama has emphasized the need for fast government intervention to prevent a total economic collapse. In his public statements, Obama seemed willing to negotiate the content and [...]
