Tuesday, November 25, 2008

Obama's economic plan - eek!

President-elect Obama has announced that he is going to spend billions and billions of dollars for the so-called economic stimulus package that will be launched in January.

He is still sticking to his plan to raise taxes for people making over $250,000. He just hasn't decided if he wants to let the current tax cuts expire or if he wants to raise them now.

Let's see - higher taxes, admittedly steep deficit spending. Isn't that how Franklin Roosevelt made the 1930s Depression great? With all those wealthy people in Congress, you'd think at least some of them knew what truly makes the economy tick.

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