The Mudcat Café TM
Thread #118677   Message #2567583
Posted By: GUEST,heric
15-Feb-09 - 12:52 PM
Thread Name: BS: Obama: I'm Not A Sap
Subject: RE: BS: Obama: I'm Not A Sap
I've been thinking about this a lot the past few days, and yes Obama just articulated my conclusion. His promise to implement the fiscal stimulus quickly had to trump his promise to achieve bipartisan support for things. The stimulus is so unfocused the objections are easy to understand, but (a) its effects will be seen more slowly, which may be better at generating long term confidence (absent rampant inflation down the road), and (b) despite the astronomical numbers here, I think the main show (and the one with greater need for speed on results) is still in the Treasury and at the Federal Reserve.

(He stood fast against the Republicans but I am looking forward to the day he stands fast against the Democrats.)