Thursday, January 31, 2008

Here’s something definitely worth reading.

In his piece entitled “Stimulus Deal: The Bane of Bipartisanship” Robert Borosage says everything I’ve been thinking about the so-called economic fix that our government has been cooking up. Turns out they did exactly what I expected and skipped over what actually gets an economy revved up, like providing jobs and services to the people who are actually going to put the money they make or save back into the engine and keep things moving (think Roosevelt’s New Deal). Instead, it’s the same old big business handouts: tax breaks that are supposedly going to save us from downfall, but aren’t really going to change how business is being done. Of course there’s the let them eat cake gesture of a tax refund for some of the rest of us. That extra grand might keep a few families from being too hungry, but I don’t see how it’s going to encourage anyone to go out and spend big bucks freely. Borosage’s best line is his opening one, “Barbara Ehrenreich memorably called the talk about the stimulus ‘clitoral economics.’ And that was before we got screwed.” What else can really be said? By the way, if you are surprised by this economic package please let me know. If you think it’s a great idea, please don’t bother me.

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