1.27.2008

Voters angry ... give them $$

Stimulus Deal Spurred by Fears Of Voter Backlash

Excerpt:

The speed with which Washington hashed out the plan was driven mostly by the drumbeat of bad economic news. Behind the scenes, it was greased by other powerful motivations. Congressional Democrats needed to demonstrate they were capable of results after a year of gridlock. Republican lawmakers, up for re-election, wanted to show sensitivity to voters' economic woes. And the White House didn't want "recession" added to its legacy.

Comment: Consider that we are not even officially in a recession, that some economists do not believe we are are headed for a recession, and the speed of the "deal".

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