The history of past recessions suggests that President-elect Obama has set a difficult but not impossible target for economic recovery: 2.5 million more jobs within two years.
By announcing this specific goal, alongside a stimulus plan and a team of top economic officials, Mr. Obama signaled that he is focused squarely on the challenge of job losses and an erosion of economic confidence.
He plans to ramp up spending on everything from roads and schools to solar panels and investments in energy efficiency.
The task ahead is formidable.
“He plans to ramp up spending…”
Query where is the money coming from for all this spending?
They print it over at the Fed.
Such grandiose plans, wonder which hurricane/earthquake/fire
will result in a mad scramble to print some more?
#1: its coming from the same place used to spend on our defense budget and fight the war on terror.