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Rethugs call for more tax cuts and "putting money in people's pockets" [View All]

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pnwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 11:21 AM
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Rethugs call for more tax cuts and "putting money in people's pockets"
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Edited on Sun Dec-07-08 11:23 AM by pnwmom
and oppose Obama's public works program.

http://www.washingtonpost.com/wp-dyn/content/article/2008/12/06/AR2008120602187_2.html

I've heard a number of DUers propose the same "solution." Why is this not a solution? Because that won't insure that the funds are invested in the U.S. With all the money in their pockets, Americans could just decide to use it to buy more Chinese goods from Walmart.

With Obama's plan, we'd at least have something lasting to show for our money.

Edit to add: I favor actions that will change mortgage terms and keep people in their homes, as Obama does. But just putting more money in people's pockets for a couple of years won't take care of the long term problem of all those ARM mortgages.
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