Reply #65: Saying Obama's "stimulus" planning is inadequate is a gross understatement [View All]

[Better Believe It]

And that is not an attack on President Obama even if some Democrats want to spin that honest assessment that way. Roubini and company have not suggested Republican proposals are better. That's a totally dishonest description of their views. Talk about political spin!!!


The Republicans have no sane plan to prevent a full scale economic depression. We all know that. Do Roubini, Krugman and many other credible economists have to state the obvious while they STFU about what they think needs to be done to save this economy because they don't march to the tune played by Obama's Wall Street advisors?

Roubini calls the "job creation" side of the stimulus plan "puny". Why? Because only about 200 billion dollars will be spent over the next two years for job creation.

Roubini, Krugman and most of the nation's mayors believe that a great deal more needs to be spent for infrastructure and other useful public works projects over the next two years. Do you honestly believe that they therefore support Republican calls for a spending freeze? :) :) Now get serious!

Cities are getting squeezed under the "stimulus" plan. The mayors recovery and infrastruture proposals were ignored and almost totally rejected by the Obama administration!

Have you ever read the National Conference of Mayor's recovery plan that would have cost 149 billion dollars, built 18,000 useful public works projects that would have been completed by the end of 2010 and would have created 1.6 million good paying jobs?