Tuesday, November 04, 2008

Huge Stimulation, It's Coming

Bloomberg reported a $500 billion economic stimulus bill could soon be on the table. It's the third sign of yet another round of massive government spending. Carlyle Group co-founder broke the ice during his Alaska talk on October 25. Yesterday, ex-Treasury Chief Bob Rubin posited the need for stimulus in a New York Times op-ed.

Lobbyists swarm our nation's capital. They're looking for their share of the fresh, steaming hot multi-trillion dollar federal pie. Be clear, a Democratic majority Congress will have to pass the stimulus package. That means lobbyist largess is coming their way.

The question remains, who will sign the next round of Corporafornication into law? That should be answered this evening.

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