Saturday, February 7, 2009
Congress is silly
Congress has spent a week arguing about $100 billion in the president's stimulus package while the fed has dumped over 2 trillion thru its unconventional loan program into the economy without Congress letting out a whimper. The 2 trillion has not even made a dent in freeing up the credit markets. No wonder must economists think it would take over a trillion the get the economy moving again. Do they, Congress, really have any idea about what is going on?
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