I thought the $700 BILLION was a final measure and we would be on the great road to recovery. Well, it might not be. We’ll just keep printing money until we reach late 1970s inflation and interest rates. It’s not even debt if we just print money.
Other notes of interest:
I head Mike Gallagher talking about it this morning as well, but I thought Nancy Pelosi was going to explode with giddiness last night. Mike compared her to a pogo stick. That’s about the best analogy. Every time Obama paused, she would bounce up and clap like a madman (or woman).
When Obama made a point about the “deficit we inherited,” he continued on saying we were going to tackle it and reduce it and so forth. The Congressional Democrats were loud with their applause. What was VERY noticeable though were the Republican boos and aggravation about the deficit comment.