Tuesday, January 27, 2009

Baker's ideas for 2009 stimulus package

Dean Baker article has some ideas for the 2009 stimulus package, many of which are ideas from his Conservative Nanny State book. I really support the public funding of pharma clinical trials that would eliminate the current pharma monopoly system.

Obama's current stimulus plan is very disappointing. Per Rachel Maddow, only 18% is on infrastructure. More than that infrastructure amount is more supply-side Reaganomics tax cuts, which have been proven failures since the 1980s. If the Feds are gonna spend $820 B, it should all be bang-for-the-buck items that have a good chance of getting a return.

It seems that on economic policy, Obama is like B Clinton, a moderate ReThug, a less whorish Corporate Welfare Whore. I sincerely hope Obama proves me wrong on this stimulus package & other economic policies in this 2009Q1. Just being less corporate welfare whorish than WOAT Bush, but still whorish, is NOT "change that I can believe in".

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