The Hill: Reports on the meeting between President Obama and House and Senate Republicans on his Economic Plan. This could define the Obama Presidency on the domestic front, if the Obama Plan works and the Republicans have opposed it then the President gets all the credit, if the plan fails and it was pushed through with just Democratic support then 2010 Mid Term Elections could be bad for the Democrats, recall 1994 Democrats and the Clinton Health Care Plan. A economic plan should have deep cuts in tax, high defence spending, cuts in domestic spending, reform of social security, if you retiree these days at 60 or 65 you could live to be 90, that's a lot of dollars over thirty years. Thus the age of retirement should be 70 or 75. The tax cuts should go to those that pay tax, not a welfare cheque. Thus meeting could define the Obama Presidency, get it right, then an easy re- election, get it wrong, Jimmy Carter Mark 11.
No comments:
Post a Comment