From: Chicago Tea Party: CNBC’s Rick Santelli Defends the Common Man
This is the big question on everyone’s mind now: “Will the second stimulus package work?”
It would be very easy to say: “I hope so.” Obama’s claim that it “will create 3 million jobs” could never be claimed in a financial setting. The SEC would immediately be down on language like that. It’s like saying this: “This investment will create a positive cash flow of 10 percent in the next 10 years.” How can you predict the future?
Any financial instrument or financial package with a claim like “this investment will produce a 27 percent gain in value in the next five years” would be taken right off the market. Anyone (i.e. part of the administration or an economist) claiming a future result is as precise as predicting Chicago weather and as full of hot air as global warming.