Tuesday, November 10, 2009

Stimulus vs. Common Sense, Round 3

I didn't notice this.

Primarily because, if Keith Hennessey's right, pretty much no one reported on it.

It's the President's announcement of a 3rd stimulus bill. THIRD!! The first one's been fairly ineffective. The second one promises to be even more so. What good, other than looking like we're addressing the problem (as opposed to actually addressing it), can a third stimulus bill do?

Has Hennessey says, "With the unemployment rate above 10%, near-zero interest rates, enormous budget deficits, and the low-hanging stimulus fruit already plucked, there are few good options. This could get a bit ugly."

Indeed. It already has.

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