Snippets

President-elect Obama promises an economic plan designed to save or create 2.5 million jobs and redirect the economy over the next two years. Economists from across the political spectrum, including some who have served as informal advisers to Obama, have put the size of an economic recovery package as high as $700 billion over two years. Obama wants to "jolt" the economy but he has no tools to do it excepting through heavy borrowing and printing press currency. Then what? Spending money that isn't there.

Just a minor point, to be sure, but Barack Obabma is not yet "President-elect." The Electoral College convenes in mid-December to actually elect him based upon the popular vote in November.

< This is the method described in the U.S. Constitution. However, that document is now considered to be woefully out of date and it's not take[n] seriously any more.

Snippets of wisdom from Wrisley.com