President’s Latest “Plan” Is Too Little, Too Late

Reports are surfacing that President Obama is preparing a fall offensive on the economy. He wants to combine short-term stimulus to boost job creation with longer-term deficit reduction .

President Obama at a Chrysler Plant. The auto rescue was one of his few big economic successes. Source: Chrysler-Group.

Some of the ideas reportedly include giving tax cuts for businesses that hire people, new spending on highways and other infrastructure, and yet another effort to help homeowners facing foreclosure. The deficit reduction piece would be much like what the president