Obama: Big On Words, Small On Action?
Paul Krugman, The New York Times | January 9, 2009
When President Obama speaks of the current state of the US economy, his rhetoric reveals the gravity of the situation. ++ Yet, his actions fall short of his words, with US analysts arguing that his stimulus plan will do little to address the fast forming “output gap” and the expected upsurge in unemployment rates that will follow from lost production. ++ Whatever the reasons for his modest action - rising deficit or rising political costs - his tax cuts and public spending are unlikely to save the day.
Tags: | unemployment |
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