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Notes to myself, possibly of interest to others.
-- Bill Northlich

Wednesday, January 27, 2010

Fun with a jobs bill

After a $700 billion stimulus bill and $730 billion in TARP/TRASH bailouts and a couple of trillion in guarantees have failed to get the economy moving, the Senate is now going to resort to throwing money at the problem.  Specifically, an $80 billion jobs bill is proposed just as the CBO forecasts a $1.35 trillion federal budget deficit.  Obviously we cannot afford the $80 billion – it'd eat into Goldman's bonus pool.

---CK Michaelson, SAR, 1/27

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