No Recession In Sight

So, why do we need a stimulus package?

The slowing U.S. economy is unlikely to sink into an election-year recession and an economic rebound could begin as early as next year as housing and financial market turmoil fades, the Congressional Budget Office forecast on Wednesday.

In the meantime, the U.S. budget deficit will grow to $219 billion this year, up from the $163 billion registered last year, according to a CBO report submitted to Congress.

Make that about $370 billion after our unnecessary stimulus package.

Medical quacks rely upon the certainty that 9 of 10 patients will recover from whatever ails them regardless of or in spite of the treatment they receive. Political quacks fall back on the same effect.