I saw this paragraph in an NYT article (as in, the paper version) this morning and thought the phrasing was hilarious:
"President-elect Barack Obama’s economic recovery plan ran into crossfire from his own party in Congress on Thursday, suggesting that quick passage of spending programs and tax cuts could require more time and negotiation than Democrats once hoped."
Don't you hate it when quick passage requires more time?
I could add some analysis of the stimulus, but 538's is more interesting. Apparently public perception of the "stimulus" is way better than the "bailout," so the opposition that the bailout saw from moderate Republicans just before the election is unlikely to be repeated, and Obama will likely get most of what he wants.
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Heh, just noticed this hilarious paragraph as well. I wish this guy would go away.
ReplyDelete"Senator John F. Kerry, Democrat of Massachusetts, and others also criticized a proposal to give businesses a $3,000 tax credit for each new employee they hire, saying it was unlikely to influence business decisions."
Hmm, let's make the math easy and say that median income is somewhere around $30,000. So the government giving you a "10% off coupon" on all new hires is supposed to have no effect?