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  • Wall Street Breakfast: Must-Know News [View article]
    While the stimulus package may receive Republican Support, the Pudding will be in the details.

    There aren't any details and in any case, if Republicans believe that it won't work. They will want The New Administration to take full credit.

    Altering Tax withholding rules, will not impact the unemployed. Last Year's lump sum payments provided the stimulus needed for an economy which was already in a recession. It worked, maybe only for a quarter, but it worked.

    Two $150 Billion lump sum payments spaced 3 months apart could help keep the economy going long enough to implement the second part of the package and revive spending.

    IMO
    Jan 05 08:29 am |Rating: +3 -2
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