He’s Lame And A Lame Duck
So, the Shrubbery announced his stimulus package and the Dow dropped another 60 points. Lots of confidence in his economic policies.
Oh, as I look back my guess is that the start of the “economic slowdown” will be October, 2007; it won’t be official for another two months; and the delay in requests means that nothing has a prayer of getting done on stimulus before the summer.
Given that the Christmas sales started in November, and no one seemed to be overstocked this year, I have a feeling that retailers had already figured out that things were going to suck in the late summer. As usual the people and the Hedgemony are the last ones to find out what’s going on with the economy.
4 comments
A drop in the bucket…
Nothing that has been proposed is going to do anything. These are actions that should have been taken for a slowing economy, not one that’s already in reverse.
Over at Alternate Brain, Fixer posted Krugman’s question about the Shrubbery’s latest and why it’s gotten such a response: “Would anybody buy a used economic policy from these men?”
The answer, of course, is “no”. Or as Gordon swiftly replied, “And, no, I wouldn’t buy jack shit from any of ’em. It’d be made in China, defective, loaded with lead, with a warranty that ain’t worth the paper it’s printed on.”
Heh.
The are the MBAs that are in control of major corporations, and people wonder why everything is screwed. They are a criminal class – it is that simple.