Posted by Jed Lewison on Sun Nov 23, 2008 at 11:12 PM Pacific

Whoa

So the Feds are guaranteeing $306 billion of Citigroup assets and pumping another $20 billion into Citi's coffers. Well, I can't say that I blame Citi for getting what it can during this climate.

What I can say is that the stimulus plan had better be closer to $1 trillion than $500 billion, because the thing that is really going to set this economy going and get things balanced again is putting people back to work, modernizing our infrastructure, and building a new energy economy. And while we're at it, we've got to make sure that we pay as much attention to the need for health care reform as we are to the need for a stable banking system.

The bottom-line is that average Americans need to see some of the benefits of all this bailing out, and they need to see it soon.

Whoa

So the Feds are guaranteeing $306 billion of Citigroup assets and pumping another $20 billion into Citi's coffers. Well, I can't say that I blame Citi for getting what it can during this climate.

What I can say is that the stimulus plan had better be closer to $1 trillion than $500 billion, because the thing that is really going to set this economy going and get things balanced again is putting people back to work, modernizing our infrastructure, and building a new energy economy. And while we're at it, we've got to make sure that we pay as much attention to the need for health care reform as we are to the need for a stable banking system.

The bottom-line is that average Americans need to see some of the benefits of all this bailing out, and they need to see it soon.

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