INTENSIVE CARE for an AILING ECONOMY

emergency measures for a patient suffering from severe acute recession syndrome. thats what the president announced today. unprecedented FED intervention has failed to revive the patient. the first round of tax cuts didnt do the trick either. now the doctor has authorized further treatment including "pump priming" and a second course of tax relief. mr. president, your treatment plan better work or else you will lose the patient and the office of the president.

as a chorus of leaders tout our fundamentally sound economy that is strong, productive and resilient, further measures are being put in place to fix our ailing economy and get it back to a 'satisfactory' pace of growth. if it works, the world will be a better place. if it doesnt, the world will be worse off then it is now. the same way that cardiac stimulation shocks used to revive a cardiac arrest cause damage to the heart it restarts, so to will the deficit spending and budget deficits cause damage that will need to be addressed whether or not the repair strategies are successful. the president will be able to lay claim to whatever the outcome is. the question is will he still be in office to continue his efforts to fix what is wrong.

the answers will become more obvious as time goes on. some of the answers rely on the outcomes and vice versa. the president has chosen his poison. i hope he gets to enjoy it.

have a grateful day!
larry