In a down economy, the one thing that is feared more than anything else is “Deflation.”  But feared more by business than the public.  The stimulus package is really meant to stem the tide of deflation——because the government will spend oodles of money.  But in this endeavor and as in the “Twilight Zone”, the next stop is “Inflation.”  However, inflation is feared more by the public than business and like Calvin Coolidge said, “The business of America is business!”

Big Daddy is broke. He jets to Chicago to feel better. To pay the bills he uses a new Charge Card to borrow another Trillion. He then jets to Denver to sign the bill.

Before leaving, he lectures the kids to budget wisely, tighten their belts and not waste gasoline.

That’s nice but Obama must know that the stimulus package is a drop in the bucket compared to what is needed. We are talking massive layoffs, and the need for trillions in infrastructure spending, unemployment benefits, health care, and state government aid. The infrastructure spending was miniscule while ineffective tax cuts appeased Republicans who were AWOL anyway.

Let’s get serious!

Obama’s Double-Talk

While President Obama praised Congress for approving the stimulus package, White House officials said Sunday Obama wants to revise the part of the stimulus package dealing with executive compensation. Congress capped executive salaries and bonuses at all institutions receiving federal bailout money, but the White House wants executive pay to be limited only at banks that received what it has described as “exceptional assistance” from the government.