Fritz Holldings

Obama's Economic Stimulus Plan - Opinions & Analysis

Obama hasn't been sworn into office yet and he's basically laid an egg on his economic stimulus plan. That said, opinions are like censored and let's look at some analysis.

Firstly we have Christina Romer & Jared Bernstein analysis.

Frankly, I find this this report odious simply going off of the principle that a 1% increase in GDP equates to 1 million jobs. Well, that's all great if the U.S. were an isolated economy, but it's not and today's GDP does not equate directly to U.S. domestic job growth, as a 1:1 correlation. Rebate checks end up buying goods from other nations. Tax cuts not dealing with global labor arbitrage and offshore outsourcing won't create jobs.