Sunday, January 27, 2008

Paulson urges the senate on stimulus package!

The treasury secretary seems to have his hand full these days as the stimulus package is becoming a hard one to sell. Today saw Paulson urging the senate to consider the stimulus package and let us not forget that it is this package which is rumored to contain tax rebates.
But of course the bigger question as to who is going to actually benefit by such rebates remains an academic question. But common sense suggests that the ones that would most benefit by such rebates would be the big honchos starting from the banks like citigroup to the housing industry. Would the markets respond positively if such a package is passed by the senate? Well, the may but the market needs a continued consumer confidence if it is to rein in the bear and let the bull loose!

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