Tuesday, September 30, 2008

Bailout Failed

I still don't understand why traditional stimulus tools haven't been discussed.   There are roads and bridges to be fixed, mass transit to be built, and local governments to be bailed out.  In the meantime we can pass another stimulus package along the lines of the one passed last year.  I think the goal should be to pump enough money in the economy to soften the blow the contraction of the financial industry, a contraction that should occur.

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