We will loose credibility if we tell people this won’t help the economy. We can GAIN credibility if we acknowledge that this particular package will have a short term boost, but we need to explain that the same thing happens if you give a person in credit trouble more credit. They’re able to continue overspending for a bit longer, but when they run out of credit again, the bankruptcy bill will be even larger and more painful.

Passing this stuff gives Obama the biggest pile of “walking around money” in the history of the universe. The economy will start to work itself out as it always does, and he’ll be able to “invest” next year in districts or states which may by pure coincidence have tight election races.

I used to work for Larry and he doesn’t suffer fools gladly. He’s not excited about the Obama Administration’s Handling of the economy. I say he quits before the end of ’09.

is scary on this. Not only is Brian correct about managing expectations, but just think where we’ll be 9-12 months from now if the economy gets back on track as anticipated. The media will be hailing President Brand Name’s economic recovery, and railing supply-side theory even more than ever. Pelosi and Reid will be gloating about their “success” and how the GOP tried to kill the economy. All this will justify even more spending in their minds (like nationalized health care?), since it “worked” to solve this problem. They will also raise taxes, or at the very least say this new debt is the reason for the expiration of Bush’s tax cuts, but that was pretty much a given anyway once this passes.

The question becomes if people will continue to break against the spending in polling if there is short term recovery, as they are now. If they don’t, hello even bigger government. I’m curious how many of the people who are against the policy now are still expecting the 95% tax cut pledge from BO to come through and include them.

For $850B we are moving the recovery up about 6 months. What a waste.

The Democrat party is borrowing almost a trillion dollars so they can pay off their political cronies. Pay to play anyone?

if we have learned our lesson as far as communication goes. Coming out of the recession will have nothing to do with this “stimulus”. We need to explain that we will come out this recession because of the market. Tax cuts across the board will sustain the growth but this pork bill will send us right back to where we are now…and probably worse.

the effects of spending stimuluses and underestimating the stimulus effects of tax cuts. I believe there might be a very short term boost (3-6 months) after which the long term negatives start to really hurt. If the bill passes, by October of 2010 we’ll be looking at 8% unemployment and 15% inflation (or its equivalent if we manage to ship our inflation overseas instead of it happening here explicitly).

That is what the CBO report says we can expect coming out of this. That is not enough to start job creation. I see this recovery stalling as soon as the GDP uptick gives Dems the “authority” to raise taxes.