President Obama's weak economic stimulus plan failed the recovery

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Uploaded by on Dec 13, 2011

Instead of listening to noted economists Paul Krugman, Martin Feldstein, Martin Zandi, James Galbraith, and progressives, in January and February of 2009 President Obama listened to Wall Streeters like Larry Summers and Timothy Geithner, and proposed a stimulus package too small and tax cuts too much for the 1%, dooming the recovery. For more and a transcript of Cenk Uygur's indictment of Obama's failed Presidency, please see http://www.cpa-connecticut.com/blog/?p=4620

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  • Obama continues to offer band-aids when major changes are required to save our country from becoming a 3rd world country with high unemployment. The payroll tax cut is his only economic plan; however, a major increase in taxes on the wealthy, revamping of our trade treaties, reforms in the financial industry, the break up of the big banks and financial institutions as well as the multinational corporations are all necessary. We have a Wall Street President pretending to be for Main Street.

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