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

1 Comments:

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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