A Quick Review of the GOP Plan to Rescue the Economy

Sep 8th, 2010 by Sonny

Economist’s View: “John Boehner’s Stale ‘Two-Step Job Creation Plan”.

1. Restore spending to 2008 levels

2. Extend Bush era tax cut forevah!

As noted:

So on the one hand, a measure that will make a small dent in the deficit. On the other hand, a measure that will lead to a huge increase in the deficit. There’s no theory of the economy in which this really makes sense: If the market is worried about the government’s finances, this makes them worse, not better. …

Simply brilliant!