As I’m writing this column, the U.S. government is debating the approval of a trillion-dollar-plus stimulation package, the Dow Jones average has dipped into the 7,000 range, hundreds of thousands of people were laid off work last week, and poor-performing companies throughout the United States are looking to the government to take money from the well-managed companies so they can continue to perform poorly.
Our new president hasn’t learned from the mistakes made in the last stimulation package as he pushes for approval to spend the trillion-plus dollars of our money without a well-defined plan on how the money will be spent (i.e., given away). The Bush stimulus package went to the banks, many of which didn’t need or even ask for the money.
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