Did Obama promise the bail-out for everyone? See his interview with CNBC here: http://www.cnbc.com//id/28543570 .
These guys will fail at some stage too, but we will know it afterwards ... Krugman goes with wonkish arithmetic here http://krugman.blogs.nytimes.com/2009/01/06/stimulus-arithmetic-wonkish-but-important/, and Roubini' s warning here: http://www.foreignpolicy.com/story/cms.php?story_id=4591 . So far those guys have rather good track record ...
Equities are turning from short term overbought conditions and Friday's payrolls number may be the final test, but markets are starting to price in very bad numbers after today's "ADP wild guess" ... ADP reports have not good track record, more on the data published today: http://blogs.wsj.com/economics/2009/01/07/adp-reports-693000-private-sector-jobs-lost-in-december/.
Well, in combination with unprecedented monetary policy by Fed, it will be an experiment ...
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