Is the economy moving in the right direction, and if so, does it need more government help to keep it going that way?
President Obama said this morning that the economy swung further from recession toward growth than at any time in the past three decades, but that a recovery is still so feeble that more stimulus help was needed. His plan includes:
- eliminating the capital gains tax on and giving other tax breaks to small businesses;
- more spending to upgrade transportation and communication infrastructure;
- incentives for individuals to upgrade their homes to make them more energy efficient.
I also like the infrastructure spending, but I desperately hope that includes significant funding for high-speed rail and other projects that move our transportation grid into the 21st century and away from fossil fuel dependence.
Your thoughts on the plan?