Fiscal Policy Obama Style

In two days, President-elect Obama will announce the details of his two year economic stimulus plan. With a 2009 Fiscal deficit of about $1 Trillion, Obama will add another $775 Billion or so to this deficit. Obama must spend at least $1 Trillion to inflate our economy. He will accomplish this through a combination of tax cuts and spending. Should we worry about the deficit and inflation? No, we must get out of this potential deflationary spiral NOW! The bigger the stimulus plan, the better.

Random thoughts....The market is up two out of the first three days in 2009...the next two trading days are extremely important...if the market performs well in the next few days look for 9,600 next week...the Obama effect has begun.....look for the $dollar to remain strong as the euro and yen weaken...gold?.....