President-elect Barack Obama has his economic team largely in place, and there’s much buzz about the next edition of Regulators Gone Wild. In other words, the size of Financial Stimulus II, a second gigantic stimulus to get the economy going again. Here’s a nice summary of the events of the week from Slate’s Big Money column, including the bailout of Citigroup and the selection of Obama’s team, as well as speculation on whether Larry Summers will replace Ben Bernanke as Fed Chair in January 2010. President-elect Obama’s advisors apparently are telling him that we need to spend from $400 billion to $700 billion more to stabilize our economy.
What do you think we should do with the money?
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