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Old 12-01-2008, 10:51 AM   #281
Ronald Pagan
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Join Date: Sep 2008
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In all seriousness though... corporate tax cuts are a stimulus plan. Anything past that is well advised to wait until Obama releases his plan for reasons that other posters have described. Wheeling up a dumptruck full of money to GM, Ford and Chrysler will do nothing if the US don't save them. It also doesn't help that the CAW refuses to negotiate. Even that is beside the point right now.
It's a supply side stimulus plan. Supply-side is out of favour because it has been the status quo economic policy for 20 years now. In recessions, supply-side economics has a mixed bag of performance. Most economists (almost all) are advocating against supply side policies right now.
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