With unemployment expected to rise well into next year even as the economy slowly recovers, the Obama administration and Democratic leaders in Congress are discussing extending several safety net programs as well as proposing new tax incentives for businesses to renew hiring.
President Obama’s economic team discussed a wide range of ideas at a meeting on Monday, following his Saturday radio address in which he said it would “explore additional options to promote job creation.” But officials emphasized that a decision was still far off and that in any event the effort would not add up to a second economic stimulus package, only an extension of the first.
“We’re thinking through all additional potential strategies for accelerating job creation,” said Mr. Obama’s senior adviser, David Axelrod.
They have no clue what to do.
I find it interesting that one poll says a majority of Americans still blame Bush for the fact our economy continues to be bad.
However, all the blame belongs to Obama his leftist allies and their hate-filled Leftist class warfrare ideology. Presidents Kennedy and Reagan turned our economy around fairly quickly by giving tax breaks to those in a position to create jobs in the non-government sectors of our economy.
But Obama and the Democrats have spent the last 7 or 8 months bloating, ballooning, and inflating the government sector while frequently tossing invective and insult at those who have enough money to expand job creation.
Maybe in some distant future class warfare and stimulated class hatred will end recessions, but so far all that it has done, so far, is increase misery- and looming financial disaster.