It's still not too late to redirect $400 billion to business tax cuts:

[Mr. T]

It's still not too late to redirect $400 billion to business tax cuts:

 

"There are now 26 million Americans who can't find a full-time job... None of this does much for the credibility of the Obama Administration's stimulus spending plan, which was sold with the promise of a jobless rate this year of "below 8%" if the stimulus were passed.

 

That was off by some three million jobs in a mere seven months. The same economists who fretted in February that $780 billion in stimulus was too small now claim that the $300 billion or so that has been spent has somehow ignited the recovery.

 

But a tax-cutting stimulus would have provided much more job and economic growth for the buck, and it could even now too. If the Administration really wants to fire up private job creation, how about taking the remaining $400 billion or more and using it to lower business taxes?

 

The unspent stimulus is enough for a two-year down payment on repealing the U.S. corporate income tax, which studies show is a job and wage-increase killer.

 

Congress could also reconsider its July minimum-wage increase of 70 cents an hour, which almost certainly contributed to the leap in teenage unemployment to 25.5% in August."

 

Plenty more of this article here.

[calfoxwc]

The "stimulus" plan was to stimulate votes for his next re-election, with Dems being able

 

to produce pork for their states and districts.

 

Was never able putting people to work.

 

big, big, HUGE mistake.