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As I anticipated some months back, people are impatient about getting the stimulus money into play. This NYT piece on how France has spent 70% of its stimulus money catches the current meme — especially with the job market in such lousy shape.

As I wrote back when the stimulus passed, the stimulus bill is trying to do two things. One is inject money into the economy, the other is to fundamentally change the economy. Read the rest of this entry »

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hi, it’s Michaela. I am as comfortable in a cosmopolitan atmosphere as I can be riding a horse freely in the country… To sum it up, I feel that there is so many things in life to experience that boredom couldn’t possibly be one… Read the rest of this entry »