Sunday, November 23, 2008

Upping The Ante On The Obama Recovery Plan

Senator Charles Schumer said today that the Obama recovery plan announced on Saturday would likely run into the range of $500 billion to $700 billion. Schumer said, "To make this work you need five per cent of GDP." It's a little like a new New Deal, but you do it before the Depression occurs, not after."

It's not surprising to see this thing growing like Topsy. As I said last night in my post, I still want someone to tell me where this money is going to come from.

Tom Lindmark

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