Good news that the Obama Administration might be pushing for a stimulus package approaching $700 billion ready for executive signature on January 20th. As expected, Congressional Republicans think that the solution is cutting the capital gains tax, because god only knows the onerous drag taxes on stock market gains are placing on job creation.
Meanwhile, Obama here’s Obamas economic team. As expected, Tim Geithner will run the Treasury.
Also, during his press conference, Obama says he’s going to make health care reform a large part of his economic recovery package in addition to infrastructure development and foreclosure reform. Good.