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I don't trust the guy. He has a history of being anti-free enterprise/pro-socialism--real socialism, not just social programs which some now like to define socialism as. I don't like his rhetoric about the severity of the economic "crisis" and the causes of it.
I do, however, like his plan--to the extent that the descriptions of it are accurate. His combining of massive infrastructure spending with a large tax cut, never mind the fact that a short term budget deficit results, is the essence of Keynesian economics. It is what Kennedy did; It is what Reagan did--if not by design on the spending side, by the fact that he had a Dem/lib Congress to deal with.
I don't believe this "crisis" is anywhere near as bad as portrayed. I don't believe we would be having economic difficulty at all if not for the media, leftist and otherwise, selling people on the idea that things were so bad and causing them to spend and invest less. I am suspicious of this leftist motive for possibly trumping up the problem in order to legitimize spending on many programs libs wanted to ram through all along.
I do, however, expect the massive spending and tax cutting as a package to greatly strengthen our economy. That concept, after all, has been proven in the past.
This still doesn't mean I support Obama. On the larger more significant issues of security from terrorist hits and defense/military /intelligence policies, he is still all wrong, and I'm very concerned that he will allow repeats of 9/11 or worse. Obama is also on the wrong side of just about every other issue that ever came along--most notably in the realm of moral/social/cultural priorities. He also has consistently talked and voted on the wrong side of the illegal immigration situation.
His prescription for the economy, however, is right on point.
I do, however, like his plan--to the extent that the descriptions of it are accurate. His combining of massive infrastructure spending with a large tax cut, never mind the fact that a short term budget deficit results, is the essence of Keynesian economics. It is what Kennedy did; It is what Reagan did--if not by design on the spending side, by the fact that he had a Dem/lib Congress to deal with.
I don't believe this "crisis" is anywhere near as bad as portrayed. I don't believe we would be having economic difficulty at all if not for the media, leftist and otherwise, selling people on the idea that things were so bad and causing them to spend and invest less. I am suspicious of this leftist motive for possibly trumping up the problem in order to legitimize spending on many programs libs wanted to ram through all along.
I do, however, expect the massive spending and tax cutting as a package to greatly strengthen our economy. That concept, after all, has been proven in the past.
This still doesn't mean I support Obama. On the larger more significant issues of security from terrorist hits and defense/military /intelligence policies, he is still all wrong, and I'm very concerned that he will allow repeats of 9/11 or worse. Obama is also on the wrong side of just about every other issue that ever came along--most notably in the realm of moral/social/cultural priorities. He also has consistently talked and voted on the wrong side of the illegal immigration situation.
His prescription for the economy, however, is right on point.
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