Confusing Obama

Another plan is on the table maybe:

Obama Eyes $500 Billion in Stimulus; Paulson Weighs Ramping Up Aid Again

Mr. Obama’s team is putting together a new economic stimulus plan containing more than $500 billion in federal spending and tax cuts over the next two years, Obama aides and advisers said. That package would be far more aggressive than anything envisioned during the campaign. Democratic leaders in Congress are preparing to rush passage shortly after New Year’s to have a stimulus-plan bill ready for Mr. Obama to sign once he is inaugurated Jan. 20.

I like the tax cuts thing, that’s a surprise. The federal spending part sounds fishy. The part that stinks is, we’ll have to pay for this sooner or later… so later. And since we’ll have to pay for it later, how does that make our economy stack up against other countries? It sounds like other countries like China are coming up with economic stimulus plans but since we’re the biggest player out there, it’ll hurt us the most and then maybe China second.

I still think that the sooner the Government stops fiddling with things, the sooner we’ll get out of this.

So the surprising thing here is that Obama may not do his big tax the rich thing yet, as he promised to do. He’ll first have to spread the wealth to everyone before he can be Robin Hood.

-T