If there's any doubt about Wall Street's take on the stimulus package, then the 381 point fall of the Dow Jones today should be a pretty good indicator: they hate it.
The financial people certainly know how to decipher the spending laid out in the bill and they understand most of it will do little, if anything, to 'stimulate' the economy. They see it for what it is - a license to steal from the public and to promote social programs that will merely bloat the government and raise taxes in the long run.
No comments:
Post a Comment
Comments are welcome. However personal attacks, legally actionable accusations,or threats made to post authors or those commenting upon posts will get those committing such acts banned from commenting.