Tuesday, February 24, 2009
To borrow a term from the battered auto industry, President Obama's rollout of his economic recovery plan has been a bust. He has a chance tonight to explain why his plan should be upgraded from Sell to Buy.
Despite the announcement Monday that the federal government would do even more to help recapitalize financial institutions, the Dow Jones Industrial Average dropped another 250 points. Similar drops greeted the president's signing of the economic stimulus legislation and his foreclosure-prevention plan. At this rate, Mr. Obama would do more good by saying nothing....
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