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View Diary: Obama did not go on federal spending binge. Pace of increase now lowest it has been in decades (103 comments)

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  •  Me also. (13+ / 0-)

    I beleive the recession has been deeper and the recovery slower because of insufficient government spending to make up for  the lack of demand.  Not all is directly attributabel to the President, though.  Since Jan. 2011, the R House has not only used extortion over teh debt ceiling to prevent spending, but has cut spending to some degree.  

    Although I thought the original stimulus was too small and too relaint on less stimulative tax cuts, it was the difference in ending free fall.  In addition, the President did obtain a second and third stimulus with the social security tax cuts.  Not the best way, and I did not like the tradeoff with the extension of the Bush tax cuts, but both did help a bit.  

    Soo I agrtee, although I understand little can be done so long as there is an R House.  

    I'm from the Elizabeth Warren and Darcy Burner Wing of the Democratic Party!

    by TomP on Tue May 22, 2012 at 01:04:56 PM PDT

    [ Parent ]

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