Let me refer you to two excellent posts this evening that skewer some of the more egregious elements of the fiscal stimulus bill. First, Calculated Risk identifies $55 billion in non-stimulus grants that could be channelled elsewhere. This (carryback of operating losses)Â is a clear gift to shareholders of the homebuilders. How does this help create […]
Archive for February 9th, 2009
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Could We See A 1980 Sort Of Recovery From The Recession?
Posted by Tom Lindmark on February 9th, 2009
A very solid article in the WSJ today gives some historical perspective on why we might see a surprisingly strong rebound in the economy sooner than expected. The article uses the recession of 1980 as its basis of comparison. That recession came on very suddenly with a drop in consumption and employment that exceeded what we’ve […]
Washington May Be Having Second Thoughts On An Auto Company Bankruptcy
Posted by Tom Lindmark on February 9th, 2009
All of a sudden, the prospect of a chapter 11 filing for GM and Chrysler is back. This time with a different twist. The government of the United States is talking about forcing the issue. What happened? It suddenly dawned on the Washington crowd that they might be a bit too far down the capital […]
The Pelosi Chart
Posted by Tom Lindmark on February 9th, 2009
Making the rounds on the Internet has been Nancy Pelosi’s chart that demonstrates the severity of this recession as opposed to the last two. I would be putting my blogging license in jeopardy if I didn’t reproduce it. There are all sorts of problems with this chart, not the least of which is that it […]
