Stimulus package?  What we need are jobs.  Spending $150b on a stimulus plan doesn't make sense to me.

I've been thinking about this for a while though, BooMan.  I think Obama needs to have an economic team ready to hit the ground running on Nov. 5.  He needs to wrestle a seat at the $700b table along with Paulson because it's in Paulson's hands how bad the situation looks in January.  Obama will need to put tremendous political pressure on the administration to begin to take this over before January.

This is a huge mess...but also a huge opportunity.  If Obama's team can dig in and begin to make some progress early, it makes his job just a little easier come Jan.

Obama could save about 12 billion a month by getting the hell out of Iraq.

only one president at a time. Bush-Paulson is still in charge....and clueless...as events are out of control.

Obama need not rush. The Bush-Paulson plan will be in place only in two weeks.. ...not enough time to see results.

 The unintended collateral damage from the Lehman bankruptcy has disrupted the spending plans for that $700 bln package. It's being posited that another $385 bln will be required to bailout those 350 banks and other insurers holding Lehman's bonds derivatives.
Looks like the little guys and gals will need to wait for mortgage relief.

You can fool the public over and over but you can't fool the banksters.

Well, "You can't vote for war and disown the results"

Maybe I misunderstood this, but I thought the idea was just that they would meet to start planning,not to try to pass anything.

Rescuing the economy is job #1 of course, but a very close and important second is to start anti-trust suits against media concentration. We had, I think, about 50 media companies before Reagan took office and we've got what? Three or four today? When Colin Powell's son at the FCC tried to concentrate the media still further, he was pressured into requesting public comments. The pro-concentration ones numbered about half a dozen, the anti ones were over two million. Of course, the pro side was by wealthy corporations, so the voice of the people didn't really count.

Can we afford to wait until January to do anything?

who says the senate would fillibuster and bush would veto? like with everything, it depends.
i say obama winning in a landslide is going to start to change the entire dynamics in the country, even while bush is still in office. if the demorats would grow some spine
let's see 'em push for the moon and settle for a $500 billion recovery package something along the lines of what Roubini suggests (among many others):

"- a massive direct government fiscal stimulus packages that includes public works, infrastructure spending, unemployment benefits, tax rebates to lower income households and provision of grants to strapped and crunched state and local government..."

http://www.rgemonitor.com/roubini-monitor/253973/the_world_is_at_severe_risk_of_a_global_systemic_fi nancial_meltdown_and_a_severe_global_depression

let's get a new new deal started, and if the white house don't like it, keep pushing away and putting the repukelicans on the spot for fillibustering and vetoing. and let's see some actual fillibusters, instead of just threatening; i dare 'em.

and the first thing the demorats should do is end both those wars in asia. and stop threatening iran.

Wow!  Does this program make sense and with the present economic and military crises ever deepening, do we need sense.  I fear that Bush and Co are going to give us first hand evidence of what the Great Depression was really like.

All members of the frog pond are special.