Thrift Maven

Does Obama's Stimulus Plan Pass the 'Prudent Person' Test?

Dear Poor Dude:

We have been borrowing to live since the 80's. That is why David Stockman got in hot water for questioning Reagonomics.

Sincerely, Poor Dudess


On Feb 07 07:05 PM Poor Dude wrote:

> America has become a subprime borrower. In light of what has happened
> to everybody with real estate, who is going to lend to us? Not being
> a student of world finance, I'm not sure what happens when a country
> that must borrow to live can no longer borrow. But I suspect it's
> not pretty for its citizens. How do we protect ourselves? Buy gold?

Does Obama's Stimulus Plan Pass the 'Prudent Person' Test?

"Allen Sinai's (extremely well researched) Model Fits Obama's Fix" - per Jane Bryant Quinn - Bloomberg site. Anyone who wants to know why Democrats are doing what they are doing, should read this article. It is
an eye opener.

Does Obama's Stimulus Plan Pass the 'Prudent Person' Test?

Obama's plan for stimulus passes the prudent person test as it will save
our municipalities. McCain's doesn't pass, as it will only enrich the already rich....as usual.