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Thats fine that you want to give Obama more time but you have to ask yourself this question, how is he any difference from GWB at this point? Fiscally, he has continued the policy of throwing money at money to solve problems which has proven itself time and again to not be the way to truely fix anything. Look at both the TARP funds and auto bailouts. Many of the banks receiving TARP funds didn't need them but the administration was giving out free money with no stipulations so they took it. Once they got around to attaching some strings, they paid it back. Its not as if the banks who gave back the money were doing so because they were suddenly solvent, they never had problems in the first place
So the collapse of Bear and Lehman and the resulting lock up of the credit markets that pushed the economy deeper into recession, drove jobless rates higher, and exacerbated a real estate collapse was all what? Imaginary or a conspiracy?
So, in your world, measureables like GDP, stock markets, and job numbers be BETTER today by doing nothing than by what was done?
It may well be that TARP and the auto bailouts were blunt uses of government fiscal policy rather than surgical strikes.
But, given that GDP has rebounded, that the stock market isn't sinking like a stone, and the real estate markets aren't in free fall anymore, I think it's a bit like criticizing Capt. Sullenberger for doing this instead of that. I guarantee that there was *somebody* who griped about how the landing happened or - even post landing - about the rescue out of the river.
And so it goes with "fiscal conservatives." If they'd had their way, we'd STILL be debating the who, what, and how much (if any) would be spent/loaned here or there.
Instead, we're on our way to a recovery. Oh, to be sure, it's early on and things like jobless numbers are concerning and there's the specter of inflation to worry about (though, not currently).
But, given the alternative . . . I'll take these concerns and worries every day of the week and twice on Sundays.
Rumblefish