The Obama Economic Plan Takes Shape
By Justin Gardner | Related entries in Barack, Economy, MoneyAs reported earlier, it’ll be a mix of tax cuts and other short term stimulus, but a fair amount will be focused on long term goals as well.
MSNBC takes a look…
And here’s an editorial published over the weekend by Lawrence Summers where he makes sure everybody knows that a centrist economic agenda is on its way…
Laying the groundwork for recovery and future prosperity will require shedding Washington habits. We must measure progress not by the agendas of interest groups but by whether the American people experience results. We must focus not on ideology but on drawing the best ideas from all quarters. That is why, for example, in key sectors such as energy, Obama is pushing for both public investments and the removal of barriers to private investment. It is also why his plan relies on both government spending and tax cuts to raise incomes and promote recovery.The president-elect has insisted that investments proposed in the recovery plan meet standards much higher than has been traditional. There will be no earmarks. Investments will be chosen strategically based on what yields the highest rate of return for the economy and monitored closely not just by officials but also by the public as government becomes more transparent. We expect to evaluate and to be evaluated rigorously to ensure that Washington is held accountable for how tax dollars are spent.
A new era of economic pragmatism and accountability?
Fingers crossed.
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