Obama At The Dike: What Does $1 Trillion Buy?
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From 247wallst.com
The new administration will ask Congress for close to $800 billion to stimulate the economy and get America back on the road to recovery without straining the capacity of the map makers. By the time members of the new legislature get their hands on the bills to create new programs and add a bit for their districts, the number is certain to go over $1 trillion.
The Paulson $700 billion plan plus a feeder from the Fed that mainlines capital into the financial system has not been very effective. Of course, Treasury Secretary Henry Paulson has only spent half of his money. He and Fed Chairman Ben Bernanke would argue that without their Herculean efforts, things would be much worse.
Read More at 247wallst.com >>>>
The new administration will ask Congress for close to $800 billion to stimulate the economy and get America back on the road to recovery without straining the capacity of the map makers. By the time members of the new legislature get their hands on the bills to create new programs and add a bit for their districts, the number is certain to go over $1 trillion.
The Paulson $700 billion plan plus a feeder from the Fed that mainlines capital into the financial system has not been very effective. Of course, Treasury Secretary Henry Paulson has only spent half of his money. He and Fed Chairman Ben Bernanke would argue that without their Herculean efforts, things would be much worse.
Read More at 247wallst.com >>>>
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