Okay, since we’ve been talking about it, I have a question for those of you out there who think that the whole “economic stimulus” issue is too complicated to understand, or that only real experts are qualified to have an opinion.
Let’s say you are a huge bank* with tens of thousands of employees worldwide who rely on your success to pay their bills, feed their families, put roofs over their heads, and secure their financial futures. You just received $45 billion in stimulus funds to keep the doors open and the lights on, because of some questionable decisions you already made that put everyone’s jobs and retirement in jeopardy.
Do you: A) Use all that money to secure your bank and do business with others in order to shore up your jobs and stimulate the economy… or B) Spend $400 million to put your name on someone else’s baseball stadium?
See? You are an expert.
*You’re Citibank. Congratulations!