US Stimulus Package Passes

The stimulus package passed in the US this past week. The markets don’t seem to be breathing the sigh of relief that was expected.
The stimulus package is only like a shot in the arm for the US economy. While the shot will help, it doesn’t solve the problems that created the illness.
It’s time to address the “irrational exuberance” that brought on this current credit mess. The government has it right by focusing on jobs and infrastructure, but this is the third swing in a series of billion dollar swings.
The first swing was the infamous “stimulus checks”, which turned out to be a total waste of money and useless extension of debt. The second swing was over 700 billion dollars aimed at shoring up banks, yet banks are failing left and right.