More of the same from the White House as it takes advantage of this morning’s gloomy employment report to try and ram through a stimulus package. hast makes waste, we’ve been taught, so whether the bill is passed this week or next month, it will take time to work its way into the economy. Better off getting it right, than fast, as the TARP taught us.
- Latest sharp job loss is evidence economy contracting greatly
- Job loss reinforces need for bold fiscal action
- Failure to act could mean loss of millions more jobs and double-digit unemployment
