Monday, December 06, 2010

Obama makes the right move

The Obama administration's latest stimulus is very good. Keeping income tax rates where they are, extending unemployment, and a payroll tax cut boosts aggregate demand without the Government picking winners and losers, and without red tape.

More please


Blogger nazgulnarsil said...

it boosts employment at the margin as well. though that effect is severely limited by the 1 year time span. Hopefully they will be extended.

curiously when the article on bloomberg went up it included a paragraph repeating the fallacy of "splitting the cost" of certain taxes between employer and employee, by the time i sent an email it had already been removed.

5:45 AM  

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