Remember the $787 billion (or whatever the amount was) stimulus that was supposed to keep unemployment around 8%? Well, with unemployment now at 10% (and that's lower than last month) the Obama Administration is looking for more ways to "create or save" jobs.
In a speech Tuesday Obama is supposed to outline his plan. AP reports on what he's expected to say:
Among the ideas expected in his economic speech Tuesday is an expanded program that gives people cash incentives to fix up their homes with energy-saving materials, senior administration officials have told The Associated Press. Obama is leaning toward new incentives for small businesses that hire new workers and new spending on roads, bridges and other public works, the officials said.
The president also is open to a federal infusion of money to cash-strapped state and local governments, considered among the quickest and most effective — though expensive — ways to stem layoffs.
In other words, more government stimulus that won't work and will increase the deficit that is skyrocketing already.
How's this for an idea: stop spending money and cut taxes and regulations so businesses grow? (Of course, cutting regulations isn't on this team's radar as the EPA is supposed to be making their "endangerment" finding for CO2 on soon.)
Policies like Obama's gave Japan their "lost decade" and the U.S. a 10-plus year Great Depression.
This the hope and change you voted for?
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