Originally Posted by que
he's only been in office for 45 days... the national crisis has nothing to do with him as of right now.
it won't be for couple years until we know if he was able to help fix it
Well as a member of Congress who helped pass some of Bush's bad spending, he is still responsible. But he slammed Bush for bumping the deficit, then effectively increased it by 75% with one bill and now he's looking to do increase it by another 400 billion with this bill that's loaded with 9000 earmarks
. Those are the same earmarks he promised to eliminate "line by line".
I personally hate the idea of all that bailout crap. Bad companies should fail, simple as that. If Ford, GM, and Chrysler can't compete, they should fail so they could be overtaken by other good companies. If a mom & pop store can't compete with Wal-Mart, they don't get a bailout. The gov't has no business socializing in the private sector and every single one of those business leaders should know better.
And you're right, we don't know for sure if his plan will work, but spending 1 million dollars worth of taxpayers' money to build a disc golf course in Austin, TX, (they already have 5 courses) isn't going to create more jobs (this was as a part of the 787 billion stimulus). Same with passing 9,000 earmarks in this next bailout. Also, lawyers and people with limited governmental experience (he served, what, 2 years in the Senate? but mostly just campaigned), aren't the best economists.