I think the bailout is effective in terms of stabilizing the markets. I think it has some serious deficiency, at least in my mind, about picking winners and losers, which I attempted to emphasize with National City Bank in Cleveland. It also hasn’t reached down into the neighborhoods yet, and that has to take place. It’s moving forward, but it is certainly not mission accomplished.

Regarding a second stimulus package, I’m always a big fan of infrastructure and creating jobs that way, but some of the stuff we’ve been talking about I’m not a big fan of, so we’ll see.

This entry was posted on Wednesday, November 19th, 2008 at 12:53 pm and is filed under Uncategorized .