November 24th, 2008
03:22 PM ET
6 years ago

Cafferty: Should Obama hold off raising taxes on wealthy?

Join the conversation on Jack's blog.
Join the conversation on Jack's blog.

There are stimulus packages and there are stimulus packages. Remember the one President Bush, House Speaker Pelosi and Senate Majority Leader Reid collaborated on a while back? It was $168 billion and resulted in a few hundred dollars in most people’s pockets. It did it’s job, gave a short term jolt to the economy, but it’s effects are long since gone. And the economy is a whole lot worse now than it was then.

Stand by for “Stimulus Two!” Congressional Democrats say they will have a stimulus package ready for Barack Obama to sign the day he is inaugurated.

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