Thank you for a well thought out and intelligent post.
"That said, poor governance by the republicans in the past does not excuse the same poor governance being continued by the democrats in the present. Do you think that the stimulus bill is a good one, Jamie?"
In response I have to say I think the democrats in congress are doing a fucking awful job, which is why they have a 10% approval rating.
I do think the revised stimulus bill is a good one. From what I have read, the initial bill had too much pork in it.
I am of many minds concerning this. In the past, I thought it was dumb to just put money back into the tax-payers’ pockets. How is putting three hundred dollars into someone's hand going to stimulate the economy? That's not going to do anything! But I believe we are in a unique situation. For one thing, we're not talking three hundred dollars, we're talking three thousand. For another, it's not just that the economy is bad, it's that banking, lending, mortgages, car sales, etc are all down. We have tons of businesses failing.
Give me three thousand dollars and I can pay off my mortgage for months. I can catch up on my defaulted car loan. I get the money, the banks get the money, everyone is saved. Give it straight to the banks and I still lose my house. What good does that do?
Still, something needs to be done. I think spending almost a trillion dollars on infrastructure is a good start. Unlike tax breaks, this actually has been shown to work in the past.