Wednesday, January 28, 2009

What happens when the stimulus fails?

Republicans can't really stop or slow much of the stimulus bill now going through Congress. Not enough votes. They must stand out and warn the cliff is coming. Even if the Democrats don't believe there's a cliff there.
If we were in Vegas, it would be 4 a.m. and we're doubling-down on a bet in hopes of making all our money back. And what usually happens - you lose all your money.
The bailout in the fall was a bad bet. This stimulus is doubling-down on that bad bet. The Republicans need to be ready to pick up the pieces when this bet loses.

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