Obama plans will revive the economy
Posted by WARREN MOSLER on November 17th, 2008
Obama Says He Will Do `Whatever It Takes’ on Economy
By Edwin Chen
Nov. 17 (Bloomberg) President-elect Barack Obama said the U.S. government will do “whatever it takes” to revive the economy, and that means “we shouldn’t worry about the deficit next year or even the year after.”
In the short term, “the most important thing is that we avoid a deepening recession,” Obama said in an interview broadcast last evening on CBS News’s “60 Minutes.”
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November 17th, 2008 at 7:40 pm
Think Obama (or advisers) will surprise us with some understanding of what it will take to put us on track? Instead of this, “our country is in great debt/need surplus now” that even business leaders and some teachers here at Rollins preach.
Good luck.
-Tom
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November 17th, 2008 at 11:20 pm
Hoping for the best!
Sorry to hear Rollins is infested with a faction of deficit terrorists!
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November 19th, 2008 at 10:10 am
Randy Wray and Dmitri Papadmitriou detail a “bailout” plan for the economy along the lines of the Mosler Plan here, FYI.
http://www.levy.org/pubs/pn_08_06.pdf
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