Did they have a Plan?
During the George W. Bush lame-duck session, the Obama Team was supposed to work on a plan to stimulate the economy. Rep. Pelosi announced that a stimulus bill would be ready on day 1 of the Obama Administration, but those hopes were dashed. Mid-February finally saw the passage of a stimulus bill after being misdirected by Republican Demands for tax cuts and incentives. The idea of the bill was supposed to be massive Government spending to grease the economy. What did the bill eventually look like, 43% tax cuts. Exactly which unemployed person will benefit from a tax cut when they don't have an income to tax. The Obama Financial Team either does not have a plan or they do not know what they are planning for. The Stimulus Bill will fail to stimulate and the Financial Bill proposed by the Treasury rocked the market with its lack of specificity and goals. The investor class threw up their hands in disgust and sold off investments as quickly as they could while fleeing to Treasury Bil...