09 September 2011

After the speech

The speech was good, and more than good. That's one thing you have to hand to this President. But some elements of the plan fall way short (just nowhere near big enough, too much tax cutting, that doesn't really work; too much reliance on unspecified deficit cutting (from what? when?), when what we should do, like a business that has to grow capital now, is borrow like there's no tomorrow, especially at these low interest rates). But if this was a start, not all he's got, maybe things will start to move in the right direction.

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