Spooky Obama

[Bond]

So who caught Obama's speech last night?

To me, his proposal basically sounds like a neutered version of the previous stimulus package. Two main problems with it: (1) Tax incentives and breaks to hire new workers do not: (a) make fundamental economic sense and (b) are not large enough or long enough in duration to encourage the hiring of new workers. (2) The money that will go to the states to pay for "teachers, schools, and roads" (i.e. same as last stimulus), will in fact be used by the states to pay off debt and unfunded liabilities (same as last time).