CLASSICAL VALUES: There is no plan to "recover" the US economy. There is a plan to transform US economics. The transformation requires that capitalism bow to statism. Private enterprise is secondary to the state, as is individual enterprise, innovation, and flow of capital.
Hence, most investors are pulling their money from the market. Redemptions far exceed losses from major funds and stocks. People are pulling their money from the market. Funds are gong under not because of losses but because of redemptions.
Further, most corporations are pulling back rather than investing in great buying opportunities: equipment, factories, and inventories.
Every industry that anticipates heavy government involvement, solicited or undesired, expects a lack of oxygen - a lack of business opportunity and freedom to profit - thus retrenches. Examples include auto, airlines, aircraft manufacturing, defense, healthcare, finance, and banking. Together these industries comprise more than 50% of what we had called private enterprise, even though they were heavily regulated before the latest round.
Now, in the name of economic stimulus, these industries, and more, will be minor players in a government run set of directives, funded by and controlled by US regulators already shown to be both uncaring of economic reality but also corrupt in appointing overseers for political gain.
Welcome to Change (tm).
It is the administration's interest to ensure that we, the people, recognize that this transformation will take years, and that we should not expect the stimulus package to yield results within the next couple of years.
Never mind that every other stimuli package that worked took months, not years to produce results - except that of Roosevelt, New Deal Creator, that showed only extended depression until events overtook policy after WWII.
Buckle down. Convert your assets. Find jobs with economic value, not services oriented.
Events will eventfully overcome this situation. Politics will not.
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