Our Economic Policy Is Up a Creek With a Paddle

You have correctly noted the government­'s "save the banks" program(s)­. As far as I know those facts and numbers are correct. Whether we should be doing it is another discussion­, and absent a forced recapitali­zation program through forcing writedowns of bad assets, I don't think so.

Your other numbers-be careful of the "t's" and "b's," it makes a difference­- are just wrong. If we truly want stimulus, force the right correction­s into the housing and constructi­on markets; many dollars of GNP flow from a well-banan­ced constructi­on and housing marketplac­e.
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