No, this entry won't be discussing former President Bill Clinton, but about an idea I had about the so-called "Stimulus Bill" being rammed through Congress.

We hear that one solution to the banking problem is the "Good Bank, Bad Bank" concept, (details available elsewhere).

I suggest that Congress approve the minimum number of "stimulants", the ones that will disperse money right away into the economy. For example, a So-So Security/ Medicare tax holiday, which would put hundreds of dollars into the average woker's wallet per month, and to revamp FHA into a way for all (qualified) hommeownners to refinance their mortgages to a very low interest rate (3%?). These mortgages would also mean hundreds more in the average homeowners wallet per month, as well as clearing up a lot of the existing problem debts, which would make the banks stronger, taking failed paper off their books... The Real Estate market would rebound, as a side effect.

Any "stimulants" to the economy that are more long term, (whatever the great idea to implement in coming years), do NOT have to voted on in this one giant Bill, do they? That way, we would have time to do a proper analysis and make informed decisions, with transparency and accountability built in to final the Bill...

But, no, alas, I can see it now, it's the old "We'll give $700B of Taxpayer's money to the banks without any oversight, as long as we can tack on $150B in pork" rule.

Jesse James would, indeed, be proud.