My biggest concern about the stimulus package being debated to death in Congress is not that it won't help jumpstart the moribund economy over the next couple of years, but that so many will be disappointed it's not a miracle elixir, they'll lose confidence in the government's ability to make a difference, and prolong the recession by sitting on their cash.
That's the impression I had after listening to a doom-and-gloom panel discussion featuring an investment analyst and four business journalists last night. The panel–moderated by Business Week's editor, Steve Adler–touched on a number of very interesting points to keep in mind as the Obama administration tries to rejuvenate the sinking economy.
Although the panelists were not optimistic the stimulus package would turn the tide anytime soon, there was praise for its structure, as it's designed to deliver a one-two punch to elements threatening to drive the economy into oblivion.
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