Her ‘solution’ is classic Keynesian nonsense.
She wants to give tax cuts to people who don’t pay taxes!
If she really wanted to jump start the economy, she would propose cutting both individual and corporate tax rates,
and cutting or eliminating the capital gains tax.
Oh, righhhht. Tax us more. That will drive away the recession.
What happened to her brains?
The US economy is what - $10 TRILLION?
$70 billion is a drop in the bucket. How many tens of billions has the Fed pumped into the banking system? Didn’t the gub’mint write a $200+ billion check to Nawlins for post-Katrina rebuilding?
$70 billion isn’t going to do squat to prevent or even lessen a recession. Period. This needs to be called exactly what it is: a vote-buying bribe to key Democratic demographics along the same lines of the Clinton’s 1993 “Economic Stimulous Plan”.
I guess she didn’t mention that she was going to support Charlie Rangle’s tax plan.