Inflating the next bubble

The bill is also about getting the new alternative energy and infrastructure boom going. Tagged on to the end of the bill is Title X: "Clean Energy Tax Stimulus Act of 2008''. To the uninitiated the add-on is incongruous. Why include energy-related tax subsidies in a bill to rescue home owners and mortgage lenders? What does alternative energy have to do with home foreclosures and failing mortgage companies?

Students of "The Next Bubble'' understood the implications immediately: US Congress is eager to get a new boom going before the collapse of the previous one pulls the US economy, likely already in recession, into an uncontrollable tailspin.