Rohatyn on Stimulus
Questions for Felix Rohatyn - The Builder - Interview - NYTimes.com:
"What do you make of President Obama’s $800-billion-plus stimulus package?
Rohatyn: I totally support Obama, but I would argue in favor of a greater amount of infrastructure investment and probably fewer tax cuts. There should be less concern about rapid liquidation and greater emphasis on long-term investments."
1 comments:
According to the CBO, the stimulus bill will actually hurt the economy in the long run. However, there is the possibility it will stimulate illegal immigration. In addition to providing up to 300 thousand construction jobs for illegal aliens, the bill will bail out irresponsible states like California. This will allow them to avoid dealing with one of the primary reasons they have a budget deficit. That reason is the extensive and expensive social net they have extended to illegal immigrants. Obama's stimulus will stimulate illegal immigration
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