left our open thread: Delayed gratification is no stimulus

Monday, January 05, 2009

Delayed gratification is no stimulus


President-elect Obama began to lay out his economic stimulus proposal today, and I'm worried. Isn't two weeks before inauguration a little early to begin laying down for Republicans? Apparently, tax cuts are a significant part of the package in an effort to sway the minority party -- and, I suppose, to be able to say you cut taxes. At least make them retroactive to 2008. Otherwise, sellers will get all the stimulus and the buyers will get an IOU. That's not the change I was convinced to believe in. That's not really change at all.

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