Monday, January 12, 2009

Good Luck BO

Toles is awesome. What a mess. Don't believe the hype, it's all ambition. But it can't be much worse than the legacy of the last 8 years.

And as far as the tillion dollar stimulus is concerned, remember my post earlier on the four levers to drive economic growth (post is here). Consumption, Investment and Trade Exports are all turning negative, so government spending, unfortunately, is the only, quick lever available.