Stimulating

Spoke to Adam Schiff about an hour ago before he got on a South Carolina-bound flight, he gave a quick update on agreement for an economic stimulus package:

-- "Rebate checks to 117 million families"
-- "$35 million low-income familes will get tax relief as well."
-- Part of a $150 billion package, "a modest boost" but "given the size of our economy it will be modest but helpful."

UPDATED: Gary Scott, who removed me after lobbying to be included on this blog roll, offers his erudite take:

This is casino economics. Let the drunk who's down $500 at the craps table gamble the house's money and fleece him for another $700 as he tries to dig his way out of the hole he's in.