The intentions behind this proposal are good, but the execution of introducing it is pretty sad. He suggests tax cuts but doesn’t dare to touch the holy cow, spending. As long as republicans approach their counterparts in Senate or the President in this manner their demands will fall on deaf ears. Spending has been the main problem that has driven the US economy into a ditch. Democrats are now offering the solution: More spending!
The only conclusion they can draw from the examples of The Great Depression, the 70s crisis, or the Japanese crisis is that they didn’t spend enough.
After all $800+ billion are spent and as all these new measures fail miserably, their only conclusion will be that we need more spending. This is a far greater disaster in the making.
This spending plan will forever be remembered as President Obama’s Iraq War.