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Sunday, August 9, 2009

Meet the Press Panelist Asks, "What is Next" After "Cash for Clunkers" and Stimulus Money Spent - Video 8/9/09


Here is video from Meet the Press today where a panel discussed the latest unemployment numbers and talked about where does the economy go AFTER the temporary stimulus of "Cash for Clunkers" and the $787 Billion Stimulus are spent? The Obama administration has no answer for that. The closest they come is to say that the economy will move forward with "green" jobs from new energy. However, there is no "Cap and Trade" Bill that has been passed as of yet.

This discussion gets at a key question. How does Obama think this economy will move forward on its own after the artificial stimulus is past?

3 comments:

Diogenes August 9, 2009 at 3:50 PM  

"How does Obama think this economy will move forward on its own after the artificial stimulus is past?"

Wait a second! Aren't free market types always complaining about unnnecessary government intervention in business? If you believe that, why is it incumbent for Obama to do ANYTHING to move the economy forward? Are you asking for the President to micro-manage our economy?

BrianinMO August 9, 2009 at 4:02 PM  

Diogenes,
Obama should be cutting taxes to stimulate the economy and helping with pro-business policies to unleash free market forces. Instead, he is relying on artificial stimulus that is not going to help over the longhaul. The point is that what Obama is doing is not sustainable. He may get some pop in the short-run out of things like his "Cash for Clunkers" program, but he can't keep doing things like that.

Diogenes August 9, 2009 at 7:30 PM  

Awww, hell, let's just abolish taxes altogether. In fact, let's just get rid of government entirely. What good is it, anyway?

Constantly cutting taxes is not the answer.

And "helping with pro-business policies"? Like what? And who would the policies be "anti" to? Should we get rid of pollution standards, so that the philanthropic oil companies can drill for oil anywhere they choose, in any manner they choose? Should we eliminate CAFE stadards, so that we can return to the good od days when Bummers got 3 mpg? Maybe let the banks regulate themselves? Self-policing always seems to work out well. And get rid of the SEC; where's the harm in a little insider trading between friends?

Hell, let's just head off to anarchy. I saw "V is for Vendetta" and that movie was COOL!

Stimulus programs are designed to provide, uhhhh, stimulus. It's supposed to act like a defibrillator, not an artificial heart. It jump-starts the economy, shocking it back into a normal rhythm --- unless you're suggesting that America's economy is no longer capable of sustaining a normal rhythm, that is. If that's the case, then why would you want to return to the failed economic poicies of George W.? If the American economy is in such dire straits, that's the source, and re-creating that environment surely won't help.

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