It seems that we are now at 12 year lows. We almost lost 1000 points since the "stimulus" plan was passed. The market which is the ultimate arbiter of whether things stink or not is saying that spending $780 billion in order to get a few people tens of extra dollars was a big waste. It is now selling off in response.
I guess it is time to unveil next months $1.5 trillion "Stimulus" 2 which will give 95% of Americans an extra $20 a paycheck. If that doesn't work then "Stimulus" 3 will spend $7 trillion so that Americans can buy more lottery tickets and to stay in their leaky wooden shacks.
Then "Stimulus" 4 will spend $20 trillion in order for Americans to buy 2 cardboard boxes. One to sleep in and the other to put their stacks of devalued currency in. Finally, "Stimulus" 5 will spend $80 trillion to run an "Everything Must GO!!! sale" so we can pay off our creditors. I'm sure we can get a few billion for Mt. Rushmore and the Grand Canyon. However we would have to gift Congress to Sweden because I'm pretty sure the Red Chinese will find them a little too anti-capitalist for their tastes.
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