Senator Charles Schumer said today that the Obama recovery plan announced on Saturday would likely run into the range of $500 billion to $700 billion. Schumer said, “To make this work you need five per cent of GDP.” It’s a little like a new New Deal, but you do it before the Depression occurs, not after.”

It’s not surprising to see this thing growing like Topsy. As I said last night in my post, I still want someone to tell me where this money is going to come from.

Tom Lindmark

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