9 Reasons Obama's Fiscal Plan Fails both Markets and Taxpayers


	9 Reasons Obama's Fiscal Plan Fails both Markets and Taxpayers

JICWyllie

3-26-2009 6:48 AM

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tags:

economy, financial markets, i-policy, i-risks

JICWyllie says:

Joseph Stiglitz doesn't like the Obama plan either.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9996cad1-f8f5-445c-b520-93e6ffeeac14/B7746181-E98E-49D7-8398-F5A9D2F7C65C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.alternet.org/workplace/133450/9_reasons_obama%27s_fiscal_plan_fails_both_markets_and_taxpayers/" href="http://www.alternet.org/workplace/133450/9_reasons_obama%27s_fiscal_plan_fails_both_markets_and_taxpayers/" style="font-size: 11px;">www.alternet.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/133450/9_reasons_obama%27s_fiscal_plan_fails_both_markets_and_taxpayers/">
<P>There is no ''mystique'' in finance: The era of believing that something can 
be created out of nothing should be over. Short-sighted responses by politicians 
-- who hope to get by with a deal that is small enough to please taxpayers and 
large enough to please the banks -- will merely prolong the problem.</p> <P>An impasse is looming. More money will be needed, but Americans are in no 
mood to provide it -- certainly not on the terms that we have seen. The well of 
money may be running dry, and so, too, may be America's legendary optimism and 
hope.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B7746181-E98E-49D7-8398-F5A9D2F7C65C/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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