On Friday, the HOuse and Senate passed a bill that they didn't read.
Wonder what's on the bill? We will learn over the next few days.
BRADLEY R. SCHILLER is an economics professor at the University of Nevada, Reno, and the author of "The Economy Today" (McGraw-Hill, 2007).
"Mr. Obama's analogies to the Great Depression are not only historically inaccurate, they're also dangerous.
Repeated warnings from the White House about a coming economic apocalypse aren't likely to raise consumer and investor expectations for the future.
In fact, they have contributed to the continuing decline in consumer confidence that is restraining a spending pickup.
Beyond that, fearmongering can trigger a political stampede to embrace a "recovery" package that delivers a lot less than it promises.
A more cool-headed assessment of the economy's woes might produce better policies."
What's the consequence of all of this "gloom and doom"?
We get a lousy bill that will drive up deficits rather than create jobs. See what Veronique de Rugy wrote about this bill!
At some point, Pres BO will have to "talk up" the economy. He can't keep up "this doom and gloom".
