Obama is out flagging his failed Stimulus, bragging about how it is creating jobs … except for the 17 million American who are out of work. And the Democrats are considering yet another Spendulus.
One Republican alternative to the spendulus was to suspend the personal income tax fox six months to one year (which would actually have cost *less* than the spendulus). I send somewhere North of $3,000 a month into DC. If I had had $18,000 of extra income this year, I could have…
- Done two significant home improvement projects, employing not only contractors, but those who supplied the contractors with materials, or
- Paid off my car and my student loans, raising my disposable income for the next three years, or
- Bought more guns, consumer electronics, clothes, furniture, and/or other goods that would have generated retail and production jobs. Any of which would have generated jobs.
Imagine the effect multiplied by 200,000,000.