So, what is Obama's economic plan after the stimulus ends?

[reformist2]

The three-year stimulus that averted a total economic meltdown is almost used up. So what's Obama's plan going forward? Does he even have one???

It's not as if employment or consumer sentiment has rebounded enough for this recovery to be self-sustaining.. In fact, they never really rebounded much at all...

In a word, I'm worried.

[vi5]

1. Tax cuts for the wealthy

Next question?

[MannyGoldstein]

2. WTF

Win the future.

No Mr. Immelt, GE won't have to start paying taxes.

[Autumn]

3. Bring down the deficit

somehow.:shrug: A hell of a lot of us are worried.

[FreakinDJ]

5. Best way to bring down the deficit is MORE people working

[Autumn]

6. That would do it. They say this unemployment is

the "new normal" so I'm not looking for that to happen. We might get enough to slow the bleeding with any luck.

[FreakinDJ]

11. Just not going to happen until they address "UnFree Trade"

[Johonny]

14. that seems to be the plan

but with three wars, tax cuts to the wealthy, a hostile house, and a very vocal base of Americans hell bent on falling on their sword to save the ultra rich, I don't see how Obama does it.

[Autumn]

15. Now see,you certainly have

a good grasp of the problem. However the way I see it is Obama is aligned with that "very vocal base of Americans hell bent on falling on their sword to save the ultra rich"

[madrchsod]

4. with the republicans in charge of the house...nothing will be done

[doc03]

7. I think he answered that question when he gave the Republicans

their tax cuts and of course there are the coming cuts in "entitlement programs" that I fear he will cave on.

[reformist2]

8. The tax cuts are what boosted the stock market....

...but I can't think of anything they're doing to actually help create jobs. I guess we're supposed to wait around for the rich people to create them.

[doc03]

10. The way I see it the reason tax cuts boosted the stock market

is it creates even more debt which devalues the dollar. The dollar is worth less in other words (inflation) everything goes up food, gasoline, utilities, materials, stocks etc. So the stock market hasn't gone up it just takes more dollars to buy a share of stock.

[Donnachaidh]

16. that was the argument to continue the cuts -- rich people make jobs

Have you heard anything but crickets from those same rich people since they got that gift?

[Siouxmealso]

9. The problem with the stimulus

is that it was used to save or create goverment jobs in hopes that would keep the economy afloat until the private sector kicked in. But now that the stimulus phase is over, there's still no new long-term private sector jobs out there and we're on the hook for these government jobs but with no tax revenue to pay for them. We're screwed. It was like eating your seed corn.

[doc03]

13. I think the economy would be far worse today if it wasn't

for the stimulus. The trouble with the stimulus was much of it was given away in tax cuts and very little actually went to infrastructure. I received $400 in 2009 and $311 in 2010 for making work pay, I didn't need it I was working.

[inna]

12. ongoing and accelerated upward transfer of wealth. next question?

[Jamastiene]

17. Endless war.

We will be told to sacrifice and tighten up our belt buckles. :shrug: