Rush Job On Stimulus?

While at this point no one except anarcho-capitalists(not that there's anything wrong with that) opposes some form of stimulus package, the trickier question will be what's in it. However, carrying over from the Bush administration, we may not know until after it's passed. It now looks likely to race through the House before going into the pork-stuffing plant of the Senate, where the Democrats will need to buy some votes.

Most of the measures being discussed are not that objectionable so long as they are temporary. The follow up question will be what will be done to ensure long term growth? The two policies are very, very different, and the proposals seen so far by the Obama campaign are not the most encouraging. Raising taxes and imposing red tape is hardly the way to ensure a thriving economy.

Until this country renounces it's policy of bubbles, it will have one crisis after another, as that is what it is set up to do. There are worse things than continual rises and falls in the market. However, when every fall is an excuse to spend money we don't have, the rising will eventually slow or stop.