McClatchy: Clinton's stimulus plan is long on politics, short on economics

[babylonsister]

Clinton's stimulus plan is long on politics, short on economics
By David Lightman and Kevin G. Hall | McClatchy Newspapers

* Posted on Friday, January 11, 2008



WASHINGTON — Hillary Clinton unveiled a $70 billion economic stimulus plan Friday, but she offered no way to pay for the proposal, and her call for a freeze on certain mortgages was of questionable legality.

The New York senator was aiming to lead the way on what's become the 2008 presidential campaign's most prominent — and most vexing — issue: how to improve the sagging economy.

The topic was prominent at Thursday night's Republican debate in South Carolina, and Clinton used it Friday to build momentum after her Tuesday win in the New Hampshire primary.

She announced the proposal not in one of the upcoming primary or caucus states of South Carolina or Nevada, but at a union hall in the Los Angeles area. California is the center of the nation's housing crisis, with many parts of the state reporting some of the highest foreclosure rates in the nation.

California holds its nominating contest on Feb. 5, along with 23 other states and American Samoa. California's total of 441 Democratic delegates is about 22 percent of the total needed to win the Democratic nomination.

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http://www.mcclatchydc.com/homepage/story/24653.html

[tekisui]

1. We need John Edwards New Deal-like plans to get out of the recession.

[flpoljunkie]

2. She also said she would take the money from Iraq war to pay for it, but this money is borrowed for

the most part from Saudia Arabia, China, Japan, and Mexico.

http://www.msnbc.msn.com/id/21774226/

That said, borrowing money to stimulate our economy, provide middle class tax breaks, subsidize green technology jobs,rebuild infrastructure and schools, etc.--but not to continue the failed occupation of Iraq ad infinium is something that her opponents would support, as well.