The news I heard from the Treasury Department this week was they have no idea where the first chunk of bail out money has been going. They simply can't track it and said so. Now they want another 800 billion. What a mess. I simply don't trust the government with one single dime of it.
Private sector and small business stimulate the economy pure and simple. It always has. Want to put people back to work? Free up capitol. How do you do that? Capitol gains cuts. It works every time it's tried.
Instead of the government spending our money (which by the way they think is theirs) they need to give deep tax holidays to everyone. Give people more of their own money to spend and free up capitol for business and you will see the economy come back very quickly. Obamas plan if implemented will put us in the ditch for years to come.
Tax cuts work. Government spending does not.
I've asked this a dozen times and no one can give me an answer. When in history has government ever spent our economy back into prosperity?
Then answer is NEVER. Why so many people think it's the answer now I'll never know.
Did we not learn anything?
"The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes," Cole said. "Ironically, our work shows that the recovery would have been very rapid had the government not intervened."
http://newsroom.ucla.edu/portal/ucla...px?RelNum=5409