Waiting for the next stimulus to drop.

Posted on Feb 14, 2009 by in Letters

You knew we were speculating about the upwave, right?  We have been hitting bottoms with such regularity lately that we got too smart for our own good.  This chart is, of course, miserable.  Maybe Monday will cheer it up.  After all those poltroons we call politicians did pass a stimulus plan so money will be gushing forth from Washington.  And none too soon.  Every economist we know (except the Cato Institute guys and we can ignore them now) thinks it's not big enough.  That's what we think too.  There will have to be more.  But the fact that Obama can move Congress at all with an obstructionist conservative reactionary Senate minority is positive in itself.  Few observers really credit the ability of 41 senators to road block legislation.  To have gained support from 3 "moderate" Republicans and break the logjam is really quite amazing.  Not one Republican representative voted for the package.  Talk about post-partisan.  

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