Obama’s plan to “spend our way out of this recession”

FreedomWorks
by Matthew Clemente

12/08/09

This morning, President Obama held a press conference to outline his second multibillion dollar stimulus proposal. Unlike the administration’s $787 billion ’stimulus’ bill which has fallen short of its goal to ’save or create’ millions of jobs, this proposal aims to really ’save or create’ jobs. And, as is to be expected from the Obama White House, the plan to solve the problem that $787 billion in spending could not fix is to throw even more taxpayer money at it...

//tinyurl.com/y9krkun



Moody’s tells US: Put your financial house in order

Main Street Radical
by James

12/08/09

On the eve of Obama’s trip to Denmark, in which he may announce new spending plans for developing countries, Moody’s is poised to send a warning that America’s triple-A credit rating is at risk. For generations the country has relied on deficit spending and the strongest credit rating to manage the country’s finances. This new chink in our fiscal armor is a direct result of the fact that our government faces a trillion dollar deficit for the next 10 years, and sends a clear message that Congress, the President and the American people must rein in deficit spending. A reduction in America’s credit rating can only lead to higher interest rates as the Treasury will have to make our debt more attractive to lenders...

//tinyurl.com/yeqgoa7


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=Obama
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//freepage.twoday.net/search?q=recession
//freepage.twoday.net/search?q=stimulus
//freepage.twoday.net/search?q=$787
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