So, they are starting to talk about a second stimulus package. You knew as sure as we were paying for GM, we were going to get to this. Where are we going to get the money? Hell, we issued Treasury Notes a record four times this week. Never been done before. Might as well go for five. The good news is the equity and credit markets are ready to have a 2008 redux so there will be a flight to quality. Luckily the Treasury will be producing a lot more "quality".
Anyway, this great clip has me imagining the kind of talk Larry Summers is going to have with Peter Orzag, head of OMB. In fact Bialystock and Bloom look a lot like Summers and Orzag don't they? "FLAUNT IT BABY FLAUNT IT!!"
bug-man
Posted by: fletch | July 08, 2009 at 11:41 AM
i guess biden and krugmen did set the stage for this. nice timing for this discussion as we see the next wave down.
Posted by: reddweb | July 07, 2009 at 07:27 PM
As always Bill....very funny!!
Posted by: eric | July 07, 2009 at 05:34 PM
You want Stimulus, I'll give you Stimulus:
http://www.flickr.com/photos/expd/3649714984/
Posted by: williambanzai7 | July 07, 2009 at 05:31 PM