The president says Caterpillar promised to keep some of the 22.000 people slated for layoff if the stimulus package4 passes. Of course they will. It is over $800 billion in complete waste, fraud and abuse, and a continuation of the Bush presidency, but it will get spent on boom time malinvestment and overinvestment. That is exactly the point, to keep the partay going... businesses that should never have grown so much during the overinvestment boom will keep going, for a while.
When this effort goes bad, and it will be very bad, then the powers that be will blame it on Obama. If you think Bush's ratings were low, wait until this plays out.
Wednesday, February 11, 2009
Well, Of Course!
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment