Bob Cannan

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  Bob commented on the article | almost 3 years ago

  Taking stock of Obama's stimulus package: Part I

  The bailout is nothing more than opening our wallets to let the government spend according to the political self-interest of the politicians.
  
  This bailout at best encourages only temporary consumption. It won't help the poor at all in the long run. No cash stimulus ever has.
  
  Only business tax reduction will stimulate investment. The Dow would go up instantly. People's wealth would improve. Spending would start again.
  
  Right now the market hates the plan. And the more they see, the worse the financial situation gets.
  
  Like it or not, you morons need to interpret this correctly.
  
  All systems are built on how self interest is exercised. Is political self interest more noble and healthy than financial self interest? The bailout will allow our masters to spend our money on their political self interest. Happy now? Stick around and watch it get worse.