logo
Published on Facing Up (http://www.facingup.org)

Short and Sweet

By ScottBittle
Created Jan 18 2008 - 2:11pm

It looks like the powers that be got the message Fed chairman Ben Bernanke was trying to send them this week: if you're going to goose the economy, keep it short and do it soon [1]. Bernanke said it's likely a stimulus package would increase the deficit in the short run [2] but warned strongly against anything that would make the long-term problems worse [3]. Both President Bush [4] and Congressional leaders [5] seem to be buying into a purely short-term effort to stave off a recession, which means that an extension of the Bush tax cuts is off the table for now.



Source URL:
http://www.facingup.org/blog/scottbittle/2008/01/short-and-sweet