Posted by
John Copah on Sunday, March 15, 2009 9:50:49 PM
Now, this is the question, given last week's climb in the stock market. Has the investor class "discounted" the Obama spending? I think that it has or is close to it. The political question is becomes how do conservatives counter additional spending? Obama will be sure to take credit. It will be said that money was spent and the markets turned, so spending is good; let's do some more.
Of course, the question left unexplored is if the republicans will make a stand for fiscal responsibility? Any one want to take a guess?