The President has called for another economic stimulus package in order to assist in helping the economy get back on its feet. The problem is that we are here because consumers and lenders were irresponsible and putting more money in their hands will not necessarily solve the problem. In fact, it may compound it. Sure, more money may lead to more consumers spending money at retailers but it is likely that they will leverage this money even more in order to get themselves into more trouble and debt. In the end, this would likely be a short-term solution to a long-term problem that seems to happen every 15 years or so in our market.

From the New York Times:
President Bush called on Friday for about $145 billion worth of tax rebates for American families and incentives for businesses to provide “a shot in the arm to keep a fundamentally strong economy healthy” and avert a slide into recession. The president said the package “must be big enough to make a difference” in an economy as large as that of the United States, meaning it should be worth about 1 percent of the gross domestic product, putting it at $140 billion to $150 billion, Treasury Secretary Henry M. Paulson Jr. said later.