Can someone with some economic background please explain to me the point of this continued spending? I understood the stimulus bill but this second one doesn't make sense according to my knowledge of economics.
It's as if this President and the previous one are deliberately trying to backrupt the state.
Obama said he would do what he is doing.
Joe the Plumber gave us the most memorable potential revelation for ANYONE in doubt.
Joe let Obama talk, and talk and talk.
Obama got off script and dropped the bomb.
Joe was like a professional journalist stringing Obama along.
Obama bit... hook, line... sinker.
What happened? They went after Joe, and still do.
It's tough being in the cross hairs of Obama and his Propaganda Machine.
The government directed spending, the bailing out of banks has all been tried.
The banks did exactly as predicted. The money was not used to loosen up the loan market.
Japan tried to spend their way out of similar challenges and now they call it The Lost Decade. They're not trying it this time around.
Orius, it makes no sense unless you aim to establish a position of subservience for the majority of the population. Once Obama (FDR, Johnston, Carter, Clinton and their Politburo Congresses) has a majority of the popultion... sucklers on the government teet they will have established a good, obedient, dependent voting base.