You're still justifying this stim bill? Give it up. It has been an absolute failure to this point.
read again.
I said it'll cripple us long-term.
however, judging by the # of governors asking for a STIM II because they aren't getting a second shot of $ to pay their teachers and firefighters this year...
Yes, I think we'd be worse than 9.8% UE without the stim bill.
Granted, it sure as fvck was highway robbery, giving a shitload to the banks, yada yada. I'm not "justifying" it. Wasn't worth it.
However, did it pay a shitload of salaries in 2009 that would have been layoffs otherwise? Sure. It's not kneepadding to admit obama traded 50 years of financial weakness for 2 or 3 years of inflated job numbers.
pro- I agree the dems are as guilty as Bush is, and that fannie/freddie "give every dropout a home" was total BS. I'm just saying I'm tired of hearing "we'd still be at 14k DOW and 5% UE, if the dems hadn't won congress in 2006.
We were borrowing til the world cut us off - the crash would have occured no matter who was in congress. We were out of $, it's that simple. our banks, our govt, our states, etc.