Friday, September 24, 2010

PoliticsUSA: Republicans: Nu GOP 'Pledge to America'

Doing my rounds to monitor the 24-hr nuzc+cl today, I read up on my incoming email newsletters in the bizness-f+nanchels category.  I got to my favourit strait-up capital-investors daily Money Morning where Kerri Shannon, MM's Associate Editor reports, thusly:

Republicans this week outlined their plan for reform in one-page summary entitled "A Pledge to America." Republicans today hope their pledge will do for them what the "Contract with America" did for Republicans in 1994 when the GOP gained 54 House seats and regained control of Congress for the first time in 40 years.

The proposal's goals include immediately canceling any unused funds from last year's $787 billion stimulus program, permanently extending the Bush tax cuts, repealing the new healthcare law, cutting $100 billion in discretionary spending, and freezing the size of the "nonsecurity" federal work force.  It also calls to end government control of Fannie Mae and Freddie Mac. [The two govt-sponsored housing-mortgage conglomerates which triggered the financial meltdown as the banking houses fell into step (voraciously, I m+t add) -- Politicarp].

The plan comes at a time when many Americans are questioning the economic policies put forth by the Obama administration. With the unemployment rate stuck near 10%, President Obama two weeks ago  announced a new six-year infrastructure plan, which says will create a "substantial number of jobs and improve the country's transport system. 
The report is usefully read in its entirety, and is recommended.

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