Arab Today, arab today obama\s spending proposals can succeed
Last Updated : GMT 22:04:34
Arab Today, arab today
Arab Today, arab today

Obama\'s spending proposals can succeed

Arab Today, arab today

Arab Today, arab today Obama\'s spending proposals can succeed

Abu Dhabi - Wam

The proposed $447 billion (Dh1.64 trillion) job creation programme by President Barack Obama should boost the US economy and undermine his Republican opposition; wrote a UAE newspaper in its editorial today. Creating jobs is a priority for the US as it is the only way to achieve a sustainable economic recovery in the country. Until many more Americans have jobs and feel secure in their employment, they are unlikely to invest and spend in an economy that remains dangerously weak. Consumer spending accounts for as much as 70 per cent of the US economy, by some reports, noted Gulf News. Obama\'s proposed tax cuts will put additional spending power into the pockets of US consumers and will make it cheaper for companies to employ people. Republicans, who have been rabidly opposed to any social or economic programmes put forward by Obama, have also been in favour of tax cuts, so far. If they prove to be unnecessarily obstructionist about these proposals, they will be revealed as ideologically and politically ill-equipped to deal with the harsh economic realities facing the US and that may cost them in the coming presidential election, added the paper. Much of the spending proposals are aimed at programmes that will benefit the US economy in the long run.\"It is important that the US revitalises its human resources if it is to remain the leading economy in the world\", opined the paper. Importantly, Obama will try to fund the programme out of future savings and increased revenue in coming years. For now, this will have to be taken at face value. Obama\'s proposals are a calculated risk at a time when high levels of debt is making spending cuts a more popular choice among governments, it added \"But they can succeed, if there is no unnecessary political interference\", the paper stressed.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obama\s spending proposals can succeed Arab Today, arab today obama\s spending proposals can succeed

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Hamas leader accuses Israel

GMT 11:43 2017 Tuesday ,28 March

Hamas leader accuses Israel
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 13:21 2017 Tuesday ,28 March

Samsung plans to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday