Obama's Stimulus

Every time Obama speaks about his stimulus plan, the market rallies. His stimulus will create jobs, at least that's what he is aiming for. Gotta hand it to him, he is a man of action. I like the guy. At least he is trying. He is a very pragmatic man.

godoftrading said:

Every time Obama speaks about his stimulus plan, the market rallies. His stimulus will create jobs, at least that's what he is aiming for. Gotta hand it to him, he is a man of action. I like the guy. At least he is trying. He is a very pragmatic man.

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Yeah, he is going to cut taxes and print or borrow money. He may even end up being praised for a while. But it is not going to work. They should raise interest rates a lot, leave taxes alone and force the housing market to get obliterated. They should let all the crappy banks and auto makers collapse.