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Caramel1  (Level: 128.4 - Posts: 21604)
Sun, 15th Feb '09 6:56 PM


The Economic Recovery and Reinvestment plan is BIG no matter what you think of it and it was pushed through FAST-that speed needed maybe maybe not. Watched David Axelrod on a Sunday talk show and he took questions on many things among them the bank thing. After he was finished they had a couple of economists on and they were questioned about Geithner's vagueness. One had the response that the bank thing was BIG so it was better to go slow and get it right. Both economists seemed to agree that until the banks and housing are fixed nothing will get measurably better. The auto companies will be back on Tuesday and seems talks have broken down between management and unions. Something BIG is looming on the housing front and we know that the remains of the first TARP are only the beginning for the banks- another BIG coming there. The President will soon roll out his budget and am sure that will be BIG too. Many see many more BIG bailouts and the like coming in mind boggling numbers (hearing now the UN is going to get in line for the Asian folks of course also paid for by the US taxpayer which in a very small way is me). My question i when is BIG worth taking time to think about it and let everyone know what they are agreeing to pass and when is BIG too urgent to examine at all. Sure I am very naive but beginning to think that sometime soon not only will the fat cat guys have to begin paying for this but most likely me too.... LInda

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