SNL: China Would Like Its Money
January 19th, 2010 | by BGuzzardi |
Hu Jintao
SNL has some insights into Obama Administration’s fiscal plans to repay national debt to China.
It is highly unlikely that Obama Administration’s plans will reduce unemployment. Cutting the Payroll tax, reduces cost of employment to employees and increases income to employees and is direct stimulus. Reducing cost of employing people may well increase employment more quickly than bank bailouts and government takeover of GM, Chrysler, GMAC, AIG, Citigroup.