Friday, January 22, 2010

Obama Suddenly Finds His Populism

I guess it is about damn time.

He said a jobs bill emerging in Congress must include tax breaks for small business hiring and for people trying to make their homes more energy efficient — two proposals he wasn't able to get into a bill the House passed last month. And he used the word "fight" or some variation of it well over a dozen times. The House-passed $174 billion stimulus package faces a stern test in the Senate, in part because it is financed with deficit spending.

I like thing one but that energy efficient thing sounds like a waste of money that will probably not generate many extra jobs. He should think bigger by adding a one year payroll tax holiday or even a permanent cut in payroll taxes. True economic populism comes from from people being able to keep the money they work for instead of having some Washington bureaucrat waste it.

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