Quote:
Originally Posted by spence
I remember reading that this has been done in the EU with some success.
For that reason alone the House will never support it 
-spence |
And for the reasons the Administration would never promote it.
Sure - blame it on the house...
Instead, we have stimulus: checks to buy iPods and other Chinese goods where the dollars make one round in our economy before going overseas and stimulating other economies. Even "shovel" ready jobs only do two rounds before going over.
What we SHOULD have is something that buoys multiple industries, shipbuilding for example, that requires money going many more rounds domestically (tool & die, engineering, many subcontractors, etc) in order to maximize the effect.