Monday, May 9, 2011
GOVERNMENT TO THE RESCUE
After spending trillions of tax payer dollars to "stimulate" the economy, this is how Obama's economic plan panned out compared to what he said would happen. Maybe he and his experts aren't as smart as they claim. (The blue line shows Obama's projections--the dots are what actually happened.)
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what stimulus the money did not get to the people who could have driven demand so no jobs....the banks got money but would not lend...my stimulus plan would have given every tax payer (who really paid tax) $50,000 and tax payers who filed but did not pay would get $25,000....the money would have been first paid to past due mortgage and any balance would go to the tax payer so the banks would not have needed a bail out plan. The money left with the tax payers would have either been spent on whatever and would have pushed some demand or would have been put into savings again going to the banks...bottom line at least the tax payers would have some participation in the stimulus program versus just holding a bag full of debt without any benefit....
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