Wednesday, February 11, 2009

While Rome Burns


Interesting website...gives a real time tally of jobs lost while waiting for the Stimulus Package to get passed and implemented.

http://www.whileromeburns.org/

And an interesting side-note: heard an economist report on NPR that in order to satisfy the Keans criteria for stimulus, based on current circumstances, the government infusion must be a minimum of about $650 Billion. So, with the two completing bills both hovering in the $800 Billion Range, that mark should more than be surpassed.

It will be interesting to see, what appears to be, the first full-scale test of the Keans theories. I think they have been tried previously, but never on this scale. Regardless...I agree with the President that doing nothing will result in an economic death spiral now. The only question is...will the stimulus result in a turn-around or in a later economic death spiral. Time will tell.

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