“Let’s See What Sticks”: Orszag Calls For Tax Cuts (Sort Of), Obama Wants To Spend, Spend, Spend
President Obama’s former director of the Office of Management and Budget, Peter Orszag, has reared his head again, this time writing his first column for the New York Times. In his September 7 column, Orszag appears to take a surprising position, at least for an economist on the Left, as he argues in favor of extending the Bush tax cuts for two years.
Contrasting Orszag’s ideas in his column with President Obama’s proposal yesterday for another $50 billion spending program, complete with a federally run “infrastructure bank,” it’s clear that the Obama administration and its satellites are still clueless on how to fix the economy. They are engaged in a continual game of “see what sticks” when it comes to righting the failing American economy.
Read it all at News Real Blog…