So I'm definitely in favour of stimulating the dynamic wealth creation sectors of the economy.
My first priority is growing this economy in the long term, and stimulating it in the short term.
It is no contradiction - the most important single thing we can do to stimulate investment in today's economy is to raise consumption by major reduction ofindividualincometaxrates.
Raising the minimum wage does not take from growth, it adds to growth.
When you put more money in the pockets of working families, they spend it on groceries, gas, school supplies, and other goods and services. And that helps businesses grow and create jobs.
What we do have is a gigantic matching tax-cutting program as a way of stimulating the economy.
Part of the reason we're all committed to coordinated stimulus is we want to stimulate the global economy. We're in a global economy, not just our national economies.p
I think the one thing that's going on here is that people are saying, uh-oh, the Chinese economy might be slowing more than we thought and the government is having a hard time stimulating it again.
