President Obama and the Short Honeymoon Period
It must be said that President Obama seems to have run into a very, very short honeymoon period indeed. The stimulus package might work but not much of the infrastructure effort appears to be ‘new’ it mainly seems to be the bringing forward of ‘mend and refurbish’ projects.
Aside from keeping people in employment it will be difficult to estimate the long term boost or benefit to the economy. The tax cuts are likely to give some light to the retail sector but again, if the general populous is very anxious over their personal future, this windfall may just go mainly towards debt reduction. No bad result in the greater scheme of things but not what is needed just about now. His avowed intent to stop special interest projects fouling up the legislative process did not even last past the first major hurdle as Congress pushed for individual state handouts to ensure the vote.
More from Simon Denham >> Spread Trading.
Good Luck!
DB
The above comments do not constitute investment advice Clean Financial accepts no responsibility for any use that may be made of them.
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