something bold

As you may have heard, President Obama will unveil a jobs package tonight that expected total more than $300 billion. Some would say that’s a nice hefty number, one that indicates Obama is serious about getting the economy back on track. Others beg to differ. For example, Bill Gross. The PIMCO adviser is not impressed. “I don’t think $300 billion does it,” Gross said today in an interview with Bloomberg TV’s Tom Keene. “I would like to see something bold.” Unfortunately, Gross didn’t detail what he would consider bold, leaving Obama to play mind reader. Continue reading »