Plutocratism
The idea about plutocratism is kind of weird but when i saw it in one of the articles while crawling on net, i was pretty impressed with the way it was used. To cut the crap i would directly go to the main tunnel. Everybody have heard about the master bailout plans by every other government specifically, Obama government.
The plan is to give money to the individuals like just giving it in the form of tax cut rather than rebates. To some extent it is right also. I totally sympathizes with Barack Obama, that with the kind of pressure on his head he has to give some pain killers. But these pills are for short term only. The effectiveness of the measure is for short term only and not to forget Mr. Bush and Mr. Clinton also did the same thing. Since it is the one time tax credit a lot of people would be saving money except the richers who would actually produce it.
But as a long-term means of employing people it's unsustainable, and some economists argue that it accomplishes nothing, since deficit spending is really just taking out a mortgage against America’s future prosperity. He needs to create jobs and increase investment by helping the richer. These come from companies and the wealthy which obviously is not a plan of Mr. Obama. Its kind of confusing which only time can prove its destiny.
The plan is to give money to the individuals like just giving it in the form of tax cut rather than rebates. To some extent it is right also. I totally sympathizes with Barack Obama, that with the kind of pressure on his head he has to give some pain killers. But these pills are for short term only. The effectiveness of the measure is for short term only and not to forget Mr. Bush and Mr. Clinton also did the same thing. Since it is the one time tax credit a lot of people would be saving money except the richers who would actually produce it.
But as a long-term means of employing people it's unsustainable, and some economists argue that it accomplishes nothing, since deficit spending is really just taking out a mortgage against America’s future prosperity. He needs to create jobs and increase investment by helping the richer. These come from companies and the wealthy which obviously is not a plan of Mr. Obama. Its kind of confusing which only time can prove its destiny.
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