Quick Hit: Stimulus

I'm not sure what angered me more yesterday: Congress spending time on the Clemens hearings or the big coverage of the president signing the stimulus bill.  The first wasn't a federal issue worthy of congressional time, the second wasn't news.

For some reason, CNBC carried the signing ceremony live even though markets had long ago factored it in to prices and the signing was a foregone conclusion.  CNBC madse a bill many economists think insignificant into the current day equivalent of a piece of a major New Deal initiative.

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