Word: congressed
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...with the hope that they would work together for the common good. And for decades, most of these politicians have acted like spoiled, self-interested toddlers. "Change we can believe in"? Our needs are much simpler than that. At this point, we would settle for someone who can persuade Congress to act like adults--and maybe even share. If not, we will be interviewing for a new day-care provider in 2012. Patrick Hester, CARY...
Instead of bailing out an auto company that has not been competitive or innovative in years, why not give the funds to car companies that are doing well? Congress could require that the companies invest in the U.S., but other than that, let the market decide. Instead of throwing good money down a sinkhole, let's reward businesses that are innovative and give customers what they want. That used to be called capitalism. Carlos Gonzalez-Najera, BURLINGTON...
...Bush packs up his things and leaves town, Obama simply took control of economic policy on Nov. 23, when he unveiled an economic team noted for its brains and experience and asked it to come up with a massive economic-stimulus plan, in the hopes of rushing it through Congress and readying it for him to sign by the time he is sworn in. The next day, he launched a pre-emptive strike against the bloated federal budget, noting that some recipients of federal farm subsidies are millionaires who no longer need relief. Taken together, his bold moves heralded...
Depending on what Summers and Geithner propose, the size of the total package could easily top $500 billion in the first year, dwarfing the $150 billion stimulus Bush pushed through Congress in February. The inertia that typically keeps Congress from spending itself silly has gone on vacation: Republicans are in retreat, and even they agree that something dramatic is necessary. If anything, only the President-elect is talking about scrubbing the federal budget carefully for savings...
...Obama presidency is not already in full swing, it will be before the year is out. Transition aides say a more detailed economic plan may come before Christmas; some elements could be drafted by the holidays and acted on by Congress in January. Other pieces, like health-care reform, can't be rushed. But there is a real chance that at least some of the economic jolt that Obama wants will be ready for his signature the moment he takes the oath of office. That will make for an extraordinary Inauguration Day--and mark just the start...