Wednesday, May 06, 2009

Can't We Issue a Stop Payment on the Stimulus?

If you haven't noticed, the United States economy has not collapsed into an unfathomable abyss.  We are not out of the woods yet but there is some positive economic news.  Pending home sales and construction spending both increased in March, according to the National Association of Realtors. I'm happy that the Chicago Fed National Activity Index (CFNAI) is three month moving average shows signs of improvement.  

When the line goes up the gray bars usually end.  And when the gray bars end, that means we're out of a recession.  That's some good news.  Furthermore the number of news articles about the Great Depression have declined.  If you don't believe me, check out Google Trends.
So it looks like the economy is starting to recover.  Funny thing too.  You remember that "Stimulus Bill" that was passed.  You know that that bill that had to pass or else we were heading for oblivion.  Well only $15.4 Billion of something like $787 Billion has been spent according to the President's site:

Thats about 2% of the total.  So if the bill was supposed to save the nation from economic calamity, why not issue a stop payment on the remainder?

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