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Jim's Link-O-Rama

Pages of interest linked via Google Tool Bar Blog-It.

Saturday, October 09, 2010

The message [to O]: It's the tax cuts, stupid[!]

So two advisory-board members exchanged fire with Obama over the cuts.
Harvard economist Martin Feldstein tried a modest proposal: Extend the cuts for everyone for two years to boost confidence and "keep demand alive at a time when the economy is weak."
After that, he said, it's a clean slate -- the president can take a second look once the economy is on the rebound.
Added former SEC Chairman William Donaldson: A tax-cut "spark" would relieve the uncertainty that has banks and consumers sitting on their cash.
Lately, Obama's been getting it from all sides -- even his former budget director, Peter Orzsag, wrote last month that letting the cuts expire will "make an already stagnating jobs market worse."
But Obama demurred.
Their ideas were "very interesting," he said, but he didn't want to "belabor" the point, meaning: Just sit down and shut up. http://bit.ly/96NFCs

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