Site for Free Markets and Free People

Thursday, January 15, 2009

The $825B Wealth Transfer Bill

Since the Democrats have been pushing their $825B "stimulus bill" that will actually be nothing more than a massive transfer of wealth that has zero stimulative effects, the equity markets have taken notice. And they clearly do not like anything that they see. There's no pretty way to put it, except that this bill will be a disaster for years to come.