Jim Cramer was on "Hardball" yesterday, and was asked by Chris Matthews to talk about the stimulus package. It's pretty interesting...he hates it. Basically, he says:
- It's not enough
- It goes to the wrong things (crazy stuff that won't stimulate the economy)
- There aren't enough tax cuts
I pretty much agree. I thought it was fascinating that he talked about how, at a time when we have city infrastructure crumbling all around us, Caterpillar is doing layoffs. He was noticing the total lack of logic in this, and wondering why we can't get the road and bridge work that needs to be done together with the companies and individuals that need work.
Makes sense to me.
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