No one knows today how bad things will get. What I can comfortably predict is this just passed stimulus package will not do the trick alone. I predict six months from now the world will still be attempting to restart engines in an even more bleak environment.
Economists of all stripes tend to agree the stimulus package is not a silver bullet that will solve the issues at hand. At best, this is a bridge to buy time for private enterprise to figure out plans that make money and get us headed in the right direction.
Lost on the minds of many is the fact liberal bank pressure by President Clinton for, 'a home for every American' couldn't be shaken by either Bush administration. Liberals insisted, let the good times roll. Without controls, roll they did.
We simply need to return to profits, not property value as the driver for income.
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