September 7, 2010 Headlines

Posted by jeckert on 09/07/2010

Over Labor Day weekend, proposals to boost the economy flew out of the White House.  The highlights:
  • New infrastructure investment. Coverage here and here
  • Making the research and development tax credit permanent. 
  • Immediate, full tax write-offs for new equipment purchases. 
Bob Herbert says the President is “rising to the occasion.”  Meanwhile, the Washington Post chronicles U.S.-China relations.  Basically, China hasn’t given an inch on exchange rate manipulation.  The tech sector is lagging in hiring.  (Maybe that’s because so much of the work has been offshored.)  This was the worst summer jobs season on record for young people.  Many economists are predicting high unemployment for years to come.  ##

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