Saturday, September 25, 2010
Daily Show: Bill Clinton's Prescription for the Economy
Former President Clinton explains why 21 months hasn't been enough time for the Democrats to dig the U.S. out of the $3 trillion hole President Obama inherited. Obama is still facing heated criticism for the tough choices he made that were necessary to keep us out of a depression like unpopular $800 billion stimulus. Clinton also explains that the most important thing the government can do is invest in education (even though Republicans want to cut the education budget 25%) and intensive skills training programs in order to reduce frictional unemployment.
Subscribe to:
Post Comments (Atom)
In my opinion the bailout was vital to reviving the economy in that the collapse of our national banking system would've essentially spelled the end of our economy. However, I certainly agree with Clinton that there shouldn't be any cuts to the education budgeting because that could solve some problems today but, create all new ones in the future.
ReplyDeleteI think investing education is always a great idea as long as the funds are spent well. The return on investment, however, takes quite a while to materialize. And impatient voters always expect the quickest, most effective results. The intensive skills training problem also sounds like a good idea to help the economy immediately. It's really tough to please voters and I think it's unfortunately natural for people to instantly criticize Obama so quickly.
ReplyDelete