Obama Readying $300 Billion Package

Teh Very Smart People are telling me that President Obama intends to unveil tomorrow night some sort of jobs-making bill worth about $300 billion.

Here are some top secret highlights.
-- lots of tax cuts
-- payroll tax relief
-- some infrastructure spending
-- unemployment extension
-- state and local aid

My first thoughts.
  • It's too small.  I would like to see it around the $600 billion range.
  • Not entirely sure what new money is being influxed into the economy.
  • Why no mention about a widespread refinancing effort?
  • More specifics especially with broadband expansion
  • Why can't we just helicopter drop a bunch of money?
  • If we can't helicopter drop money, why don't we just print a bunch of money and mail it to people?  Say about $4,000 for each tax payer.  Call it a rebate and be done with it.

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