Wednesday, November 28, 2001
From the Ari Fleischer files,
'reminding all Americans that they need to watch what they say and watch what they do.'
White House Press Briefing - Nov 26, 2001
Question: Why did the President capitulate today on his deadline for the economic stimulus plan, extending it from the end of November to Christmas?
Ari Fleischer: I think what you're seeing from the President is a good faith effort to work with the Senate. The President would still like the Senate to finish their business and get that to him so he can sign it into law. Every day the Senate waits is another day that is made more difficult for the unemployed worker...
Question: Didn't the President give them the green light to spend an extra month debating this by saying "by Christmas"?
Ari Fleischer: Clearly, if Congress was to leave without getting it done, most of the private sector forecasts, which assume that there will be growth next year, will change the amount of growth, they will predict less growth because the Senate will have failed to act...there's a variety of different growth forecast for 2002, but all those private sector forecasters have assumed Congress will pass a stimulus that the President will be able to sign. Failure to pass a stimulus means less growth next year...
Future 'growth' of the free market economy aside, some of the more interesting aspects of the proposed economic stimulus plan:
The elimination of the corporate alternative minimum tax to stimulate investment.
(this will cost $25 billion next year)
The lowering of tax rates on capital gains.
(80% of the benefits would go to the top 2% of households)
The provision of more than $100 billion in economic stimulus and aid.
(just $2.3 billion goes to help unemployed workers)
The 'genius' of corporate democracy is the engineering of society to where the oppressed defend the right to be oppressed.
'reminding all Americans that they need to watch what they say and watch what they do.'
White House Press Briefing - Nov 26, 2001
Question: Why did the President capitulate today on his deadline for the economic stimulus plan, extending it from the end of November to Christmas?
Ari Fleischer: I think what you're seeing from the President is a good faith effort to work with the Senate. The President would still like the Senate to finish their business and get that to him so he can sign it into law. Every day the Senate waits is another day that is made more difficult for the unemployed worker...
Question: Didn't the President give them the green light to spend an extra month debating this by saying "by Christmas"?
Ari Fleischer: Clearly, if Congress was to leave without getting it done, most of the private sector forecasts, which assume that there will be growth next year, will change the amount of growth, they will predict less growth because the Senate will have failed to act...there's a variety of different growth forecast for 2002, but all those private sector forecasters have assumed Congress will pass a stimulus that the President will be able to sign. Failure to pass a stimulus means less growth next year...
Future 'growth' of the free market economy aside, some of the more interesting aspects of the proposed economic stimulus plan:
The elimination of the corporate alternative minimum tax to stimulate investment.
(this will cost $25 billion next year)
The lowering of tax rates on capital gains.
(80% of the benefits would go to the top 2% of households)
The provision of more than $100 billion in economic stimulus and aid.
(just $2.3 billion goes to help unemployed workers)
The 'genius' of corporate democracy is the engineering of society to where the oppressed defend the right to be oppressed.
themassesareasses© on blogger Wednesday, November 28, 2001
