The Stimulus Package Still Sucks...

Barack Obama's February 9th press conference wasn't disappointing. I'm not sure the Wall Street Journal is correct in its assertion that the questions were pre-screened. If the only information the Wall Street Journal has on this is that President Obama had to ask where the reporters were sitting then I'm not convinced yet. Does President Obama favor certain reporters? Of course. Did he see the actual questions before hand? If he did, why did his answers seem so unrehearsed and why did he call on a Fox News guy who asked him a dick question?

The stimulus plan sucks though. I'm not with the Republicans on this one, but if Obama's checklist for success is the creation of 4 million jobs, then I think the plan sucks. The final bill was for $787 billion, which means it costs the government $196,750 to create a job. That seems grossly inefficient.

A solution to our crappy health care system would have a better impact on the economy than this. Health care is a huge cost levied on US businesses and one of the reasons neither Ford nor GM make money on their auto operations. Toyota and Honda have margins of around 8% on those same operations. I'm not going to be impressed by a recovery until Ford and GM become profitable again and start to take back domestic market share.

Or until Ford's share price climbs back to $30, making my $500 investment worth $8,000. Cause that would rock.