Saturday, November 22, 2008

YouTube - Roubini: Worst yet to come

This is Roubini saying we need a $500 billion fiscal stimulus package
immediately. Every economist I've heard basically agrees. Even defecit
hawks are saying that a looming depression overrides their customary
squeamishness about government spending.

Why can't congress get its act together and do this? Our government is
fucking broken, and it's not just Bush's fault. Congressional
Democrats can't just wait for Obama. We need action now.


http://m.youtube.com/watch?desktop_uri=%2Fwatch%3Fv%3Dz6cyOtGnhyQ&v=z6cyOtGnhyQ


[I sent this from my iPhone, so please excuse any excessive brevity or
typographical errors.]
--Zachary Drake

2 Comments:

Anonymous bill in minneapolis said...

Economists do agree on this and Obama announced a plan to do this in his weekly address.

Paulson/bush/cheney are oddly silent about any further action.

You expect the U.S. Senate (with Joe Liberman the 51st vote) to reach a consensus and then oveerride threats of filibuster and veto to pass a stimulus plan ?
You are a dreamer.

It is a long, long time to 1/20/09.

8:02 PM, November 22, 2008  
Blogger grishnash said...

In some ways Bush's lame-duck period is looking a lot like Hoover's. I don't expect anything to happen in the next 2 months.

3:29 AM, November 23, 2008  

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