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Stimulus Package
Do you believe that President Obama made the right decision by implementing a stimulus package?
cant spend your way out of debt :(
No. I tend to think that preventing massive bank failures was a prudent gamble, but the “stimulus” package is asinine. The bank failures could have been prevented by accounting rule changes rather than a cash infusion.
Debt levels need to come down to sustain future growth, rather than going up, because they are already approaching unsustainable levels.
The big difference between now and the Great Depression, is that the government was relatively small prior to the depression, and so the economy could afford the New Deal. That is not the case this time around.
I think it was the lesser of two evils…he could have let the economy basically collapse (and that it would have done, if those companies didn’t receive the help).
If it was the correct decision then why did Obama put those same bankers in control of our countries finances? No, it was ONE of many VERY BAD decisions. B.O. is a socialist through and through. You think it’s bad now wait for a few more years of this spending spree. Everyone thought Bush spent allot but B.O. is spending more than anyone! He is freaking me out.
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