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Politics : View from the Center and Left

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To: Katelew who wrote (103443)	2/8/2009 10:35:49 PM
From: Cogito	Read Replies (1) of 541992

>>The current stock market rally could be telling us that it has sensed that the amount of unwind is the correct amount and renewed growth is on the horizon....maybe 6-9 mos. out.<< Kate - From everything I've read, indications are that the current rally is based on the expectation of swift and massive government inputs to jump-start that recovery. If no stimulus package is passed, the rally will quickly turn to a rout. Would that be better for the country as a whole in the long run? I don't know. It's quite possible that it would be. It's also possible that the package will be more right than wrong, and that it could avert a lot of pain and suffering. Obviously, there's little chance that nothing will be done. So we'd better hope for two things. One, that the latter possibility mentioned above turns out to be true. And two, that once the recovery is well under way, and the economy is once more on a sound footing, that we will have the good sense to start paying back the debt sooner rather than later, and make a concerted effort to do so. - Allen

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