Thursday, February 12, 2009

Stimulus Bill

The biggest news of the day is the stimulus bill passed in Senate: 61-37, with 3 GOP votes.

But there is a different version from the House with minor differences? Both involve billions and billions. Waita minute why is there two bills originated in the first place?

Oh it lacked details? Stocks fall. Waita minute people are gotta be smarter than that to realize stocks will fall if there isn't specifics. But will stocks rally if specifics are given?

Ok, this article says what that will mean to you. Think that will solve all economic crisis?

The government need to spend BILLIONS to give everyone a few hundred dollars. Other countries tried giving out purchasing vouchers to make people buy things... all rather short term solutions, I think.

It just seems no one has a sure-win idea of how to fundamentally solve the economic problems. Ok, I am a nobody. I don't have solutions. All those phD in Econ and Nobel Prize winners: do they have solutions? I am afraid they are just as clueless.

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