Or else what, Mr. President?
Or else, he'll cave in.
This is probably worse than the previous plan that was DOA.
The projected deficit came in about 20% lower, which accounts for at least the increased $147 billion than he was contemplating earlier.
Of the $447 billion, $250 billion are in tax incentives for small businesses. Good idea, but too small, considering that $4,000 in credit is to be earned for hiring the long term unemployed.
So, if you were an employer in a depressed economy, would you hire
- Someone who has not worked in a long time, possibly because she is too costly compensation-wise for her readily replaceable skill set? or
- Someone who is available at a cheaper compensation (perhaps more than $4,000 cheaper), with a similar skill set?
Some $80 billion in infrastructure spending, when we have a $2 trillion shortfall/backlog in our nation's infrastructure is simply not enough.
Watch as the Republican Tea Party opposes this, dismisses it as another spending spree, and this drags on before a cut occurs to make a small stimulus much smaller, and delays its fruit production which is projected to be anemic anyway.