The plan would be paid for partly by closing corporate loopholes and raising taxes on the wealthiest Americans in the future, one Democrat familiar with the plan told CNN.
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Thursday, September 08, 2011
Obama To Unveil Jobs Plan In A Speech To Congress
Washington (CNN) -- President Barack Obama is preparing to roll out proposals Thursday totaling $300 billion or more to strengthen the shaky economy and stimulate new job growth, according to Democratic sources.While some sources put the size of the package at roughly $300 billion, one Democrat familiar with the president's plan said Wednesday that the working figure was growing and could top $400 billion.
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3 comments:
My economic recovery plan is a whole lot better and cheaper than anything this idiot has come up with.
First off, the President has the power to “Freeze” prices; Nixon did it in the 70’s
Second, after all prices are froze, then give each LEAGLE American one million dollars, tax free
Now what would happen, we would pay off our mortgages, saving the Banks bad loans, we would also buy homes, getting rid of the bad housing market; more homes would need to be built, creating jobs. We would buy cars, helping the auto industry, we would purchase luxury items, boats, ATV’s, computers, Flat screen TV’s, ect. Helping the economy and other industries. We could send our kids to college, put money into the stock market, pay off credit cards, go on a vacation, and enjoy life!
If we got the money it still would not cost as much as what the government lost bailing out, Fanny Mae, Freddy Mack, The Banks, and all of the rest. There are only 350 million people in the USA, but not all of them Legal nor tax payers, so it won’t cost the government that much.
If prices aren’t froze the Fat Cats would just jack up everything and Fuc$ us all again!
I nominate Gerald for President in 2012!
Gerald is onto the fix, in concept. Internet estimates on the cost per taxpayer for the bailout is $10k - $80k. In return, we got absolutely nothing but inflation.
Direct injection of cash to taxpayers would have made much more sense. Give each taxpayer $10k - $80k, and they can do what they need to get their life in order. A family can move to a different job market, pay off debt, invest, start a business, get an education, make a nice downpayment on an expensive item, heck - even spend it on hookers and blow.
Because each individual best knows how to meet their own needs, the money is not wasted in bonuses to the rich, held by banks to cover up their bankrupt condition or provide them with risk free income via government bonds, etc.
Will we have inflation? Sure! But we have it now and nothing else to show for it, and no immediate prospects for a better future.
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