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Harkin compares Obama’s stimulus proposal to trickle-down economics
Sen. Tom Harkin added his name to the growing list of prominent liberal senators who question President-elect Barack Obama’s economic stimulus package Thursday. According to Talking Points Memo, Harkin questions whether the large tax cuts that Obama proposed as part of his package will be effective:
“There’s only one thing we’ve got to do in this stimulus, and that’s create jobs,” Harkin told me. “I’m a little concerned by the way Mr. Summers and others are going on this … it still looks a little more to me like trickle-down.”