... I'm a Blue collar guy.... And one thing I learned long ago is how to solve a problem, and how to accomplish a goal, even when you don't have the answer.
As everybody argues about "What to do" and" how to do it"....
Here is the secret....
YOU DO WHAT WORKS!!
Start on the project.... Do things that you know will help, or won't hurt... The last thing you do is argue about it for 6 months...
They have to start with what they agree on... INFASTRUCTURE.... rebuild bridges and water systems etc.... NO Stadiums, or museums... NO freebies to the Cable industry, or incentives to buisness..... They have to Build... Build things that help us be a stronger country...
After you do that stuff, then you can move on to the harder pieces.... The more esoteric parts of the package... The Mortage restructuring....
But starting, and doing something, shows the world and the market that they are working on it, and moving forward.
Wednesday, February 4, 2009
Stimulus... and economists
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5 comments:
I commend your pragmatism, but... you knew there would be a but... this is not the world where our politicians exist.
They have the obligatory jockeying and pandering and grandstanding for at least two weeks before anything even gets put on paper. This is how it is ALWAYS done... even Nero got the rap about fiddling while Rome burned. They were talking about political fiddling.
Roosevelt had near monarchical powers when he enacted the New Deal, but that was only after 3 years of Hoover and the Congress fiddling around. What is happening today is several quantums faster in nominal time-- the problem is that the world moves faster today than ever, and fiddling for a couple weeks could spell disaster for the intertwined world markets, or at least 10% or 12% unemployment here in the US.
Obama does not enjoy the prerogatives that FDR enjoyed, but he could pull trump on the Republicans at any time... and I wish he would.
He could just grab Mitch McConnell by his turkey-lurkey throat and say, "Listen dickhead, you and your dumbshit colleagues fucked this country up, so why don't you and your buddies John Boner and Jim DeMint just go crawl into the same cave that Trent Lott and Tom DeLay live in and leave the clean up to us adults. Oh, one other thing...STFU, too."
Heck, if he did that, he'd make my hall of fame.
Nice rant!
Another point.. It will take congress another 6-12 months before they even understand the problem.
all it is at this point is that "people are getting evicted" and "stocks are going down"..
that is all they know, and something about libor... Even Dennis Kneal/ Liesman have a better handle on it.
Not sure if I said it... but to most this package looks like the past 8 years, more spending and less taxes to pay for it.
If I leaned republican, I'd almost say that the democrats are just using the crisis to be able to spend more on their pet projects.
and of course I'm too pragmatic for the political sausage making..
give them time, and they won't have a choice.
Off topic: Is TK's dementia worsening? He's looking at the DJIA and seeing "something positive." He needs to fill that Aricept script.
TK is great for sentiment.. I suspect if we are in despair. we will get bounces that give us hope... then a move down... Little bounce.... despair...
Nut grinding pain..
that is just my idea..
I couldn't believe he picked up Citi.
Right now he's rifling through the WSJ stock tables to try to get the price on LEH.
He is great for sentiment, which has me a little spooked because he's still bullish. So maybe this is getting close to capitulation.
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