If we were going to stimulate the economy, then do that. You can do that without spending crazy money though. You could do a complete tax holiday for a year for the cost of the 2 bailouts. How much more money would you have put into the economy if you went a complete year with no income tax deductions? It may have even been 2 years if they still withdrew SS and medicare.

The fact of the matter is that the bailouts didnt work. Citi released today that they ran at a profit for the last 2 months and stand to make a profit for the quarter if they arent dealt any other blows this month. According to the analysts on e-trade's website that piece of news was the driving force in the gains in the financials on the market today.


Next we will get into where the money was spent. Billions were spent of pork projects that have absolutely no effect on the economy. Billions more are going to projects that will not be started for at least 3 to 5 years. Dems killed an amendment that requires contractors to use the e-verify system to make sure that the people that work on these contracts are legal workers. It doesnt help the economy if 15% of the money paid out goes to an illegal that sends the money back to Mexico.

On your last comment I agree 100%. Until spending is under control no amount of taxes will even scratch the surface of our debt. That said, Obama is going to push HUGE tax hikes and even more spending than Bush ever did. That 3.6T budget for next year is proof of that.

My last comment I will make is that Obama has once again been proven to be a liar and completely lacks the ability to lead. He made all these great promises that I actually believed at first. Pretty much every one of his campaign promises of any consequence has been ignored. No transparency, no fiscal responsibility, not even a pull-put of Iraq. There are still huge amounts of pork, lobbiests in the cabinet, and tax cheats running rampant.