And, Obama was right... only government can provide the short-term boost necessary to lift us from a recession this deep and this severe. The private sector can't do anything because nobody is out there buying products because of the high unemployement rate and the general sense of insecurity about the future.
Obama's plan is the best option because it gives more people more disposable income and it creates jobs through public works programs. When more people are working and have more disposable income, it gets people spending and allows the private sector to gain some traction to take over.
Government is NOT the solution. Government is the problem. Keynesian economics has been an abject failure every time it's been tried.
Regards,
Scott Perry
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