Well, it’s nearly official–the House and Senate have come together and compromised on a $790 billion stimulus package, one that has plenty of support for state budgets, infrastructure spending, middle-class tax cuts and more (including some pork). Let’s all hope it can help the economy get back into gear. What do I think of the deal? Honestly, I’m not overly impressed, the reason relates to a quote I heard from Ed Yardeni, a good economist in my book (is good economist an oxymoron?), one who has a pretty decent history of pointing out longer-term trends. I remember him being...
