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Quote by: Scribbler1  The problem many people have with the first bailout was that it DIDN'T WORK! We handed these scumbags a pile of loot and essentially told them to do whatever they wanted with it.
And what they wanted to do with it was to pay billions to their executives, buy other banks and sit on the rest. What they DIDN'T want to do with it was what Congress told the people what it was FOR, which was to start lending money again.
The problem I have with the NEW bailout, excuse me, stimulus, is thast by the time it goes through the congressional sausage grinder it TOO will do very little to help. |
I agree completely with your assessment. The problem with the new proposed stimulus package is that it doesn't stimulate new job growth. Half the proposed new money is to shore up the 50 states who are having solvency problems. Not that that is a bad thing since unemployment funds are at the state level. The blunder on the part of President Obama and the Dems is that they shouldn't call this a "Stimulus Bill"....it should be called a
Tourniquet Bill or
Anti Economic Collapse Bill or even
The Treading Water Bill . Because when this "stimulus" doesn't stimulate new job growth it is going to be perceived as a failure. Framing the issue politically is extremely important. When it gets the wrong name at the outset, the entire concept takes on a life its own and the expectations that go with it.
George Bush had this problem with the concept of "The War on Terror" (an impossiblillity to wage war against a tactic) He should have called it "The War on Takfiris"