Cheering the Change, Recognizing the Challenges

By November 7, 2008Economy

Speaker Pelosi has outlined a logical approach toward economic stimulus legislation, some action now which more to follow once Barack Obama becomes President. Given the steady stream of really bad economic news — especially with respect to the auto industry — the need to act is pressing. President-elect Obama’s camp could be forgiven for wanting to shape the entire package, demanding a delay, so it’s definitely to the Democratic leadership’s credit they’ve decided to move ahead next week.

Elsewhere:

Ah, well, there IS good news. Here in Washington it’s an incredible autumn day. Sunny, will hit 70 this afternoon, the leaves golden and falling. Just a perfect day, drink sangria in the park, and later, when it gets dark, we’ll go home.

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