DJ Durant on October 27th, 2009

Performance ReportNine months ago, Congress passed and President Obama signed an economic stimulus package totalling $1.8 trillion.  Hastily designed and implemented, the legislation was highly criticized because it was virtually impossible for anyone to have actually read the bill (much less understand it) prior to implementation.  The President himself told us that it was imperative we pass these bills in order to restore economic stability.  Conservatives, especially fiscal conservatives, howled, claiming the bill was inappropriately designed, that the money being spent could not possibly generate economic growth because it would take too long to move through the system, with the added concern of driving up an already astronomical deficit.  The Administration insisted that the spending was necessary to keep unemployment from exceeding 10%.  We were being deceived, and we knew it.

It generally takes about six months for changes in fiscal or monetary policy to be felt throughout the broader economy, so after nine months we should be seeing some signs of economic improvement.  That is, the weekly economic statistics […]

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Oil is down again… third straight day this has happened…. another $4  That’s about $15/bbl… on the hope that Congress will get out of the way of drilling. And remember, gang, I told you this would start happening about midsummer.  Pelosi meanwhile is being stupid. For the record, gang, I added nothing to DavidL saying we look […]

Continue reading about Nightly Ramble: Oil Down Again; Eliminate Nukes? Yeah, Right; Housing Up,N Word; More