President Obama's $450B jobs plan may wind up pushing us into recession rather than pulling us...

|By:, SA News Editor

President Obama's $450B jobs plan may wind up pushing us into recession rather than pulling us out, says John Carney. Following his logic, the crux of the plan is to have government spend more and tax less. However, if people fear increased government spending will result in higher taxes, they may wind up saving more than the government spends, in anticipation of the taxes - which could lead to economic contraction.