Keynesian Economics got a boost by the Obama Administration on Tuesday when the President announce that he will do what it take to bring jobs back.
The Obama will “spend our way out of this recession” until more Americans are back at work. New transportation projects in bridges, roads, highways; Tax breaks for small business and tax incentives for homeowners to make their home energy-efficient.
“We avoided the depression many feared,” Obama said in a speech at the Brookings Institution, a Washington think tank. But, he added, “Our work is far from done.”
The President will cut taxes for small business that will hire for 2010. Obama will drop Capital gains taxes for small business.
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