Son of Stimulus
As we mentioned yesterday, at the slightest notion that things really aren’t getting better as they had hoped, our leaders will be ‘carefully’ crafting a second stimulus plan.
Mish goes over the players and their positions in ‘Battle Lines Form Over “Son of Stimulus”‘.
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I find it interesting that the White House is saying that they “underestimated” the severity of the economic situation. Of couse, this is the same bunch that characterized the economy as the worst sine the Great Depression when they were running for office last year.
Comment by Vernon Dozier — 7/8/2009 @ 11:04 am
Yeah, and everybody said they were ‘underestimating’ the problem when they were doing the bank stress tests. Of course, that was intentional, because the idea was to have all the banks ‘pass’ the test.
Comment by BMB — 7/8/2009 @ 11:16 am
Liars.
Comment by Vernon Dozier — 7/8/2009 @ 12:43 pm
I think that sums it up.
Comment by BMB — 7/8/2009 @ 12:47 pm
If I remember correctly wasn’t the stimulus bill rushed so much that it was voted on without anyone in the Senate anyway, actually reading it. Legistrate in haste, repent in leisure.
Comment by john — 7/8/2009 @ 3:13 pm
I think some of the hurry was to get the bill passed before most of the public figured out what a horrible bill it was.
Comment by BMB — 7/8/2009 @ 3:17 pm