Wednesday, January 28, 2009

First, Do No Harm

That's the Hypocratic Oath that doctors take. Unfortunately, it isn't taken in Washington by politicians.

Politico suggests maybe it should be when it comes to this massive spending bill.

In others words, "don't just do something, stand there."

Money Q:

“The economy was too big. It was all phantom wealth borrowed from abroad,” says Andrew Schiff, an investment consultant at Euro Pacific Capital and a card-carrying member of the stand-tall-against-the-stimulus lobby. “All this stimulus money is geared toward getting consumers spending and borrowing again. But spending and borrowing were the problem in the first place.”


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