Stimulus didn’t give Wall Street a bounce today. Who cares?
Wall Street did not bounce upwards today. The Stimulus Package was passed but there was no joy on the Street.
Why?
Because the mess they made will take longer to repair than ONE DAY.
Here is Obama’s Senior Advisor, David Axelrod answering questions from Washinton Post’s Lois Romano:
Classic dry humor: Wall Street did bounce up when TARP passed, AND LOOK HOW THAT WENT!
Lisa Romano asks again, but One Day Frenzies can impact the White House, right? and Axelrod says ‘maybe A White House, but not THIS White House. The Obama White House is in for the long haul on recovery, not going to be bullied by Wall Street’s desire to win a hand at the casino called the stock market.
This economic stimulus plan is not about Wall Street.
Its about stabilizing the United States economy and its citizens.
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