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So let me get this straight:
George W in 2008 pushed through a $150 Billion Stimulus package that he said was necessary to 'prime the pump' to avoid a recession
After he did this, we got hit with a recession. And major businesses who had over leveraged began to fail. we were told we needed to give $700 billion to the banks to keep them from failing or else we'd go into a liquidity crises and the economy would suffer. We also needed to bail out the auto industry and fannie mae / freddie mac, or else unemployment would shoot through the roof and mortgage foreclosures would skyrocket. outside of TARP since 2008 we've spent almost a trillion ($1,000,000,000,000) in bailouts of specific companies.
After they did that, unemployment began to climb and mortgage foreclosures began to skyrocket.
Then, Obama pushed through a $800 Billion Stimulus package that was needed to go to "shovel ready projects" in order to get us out of the recession and keep unemployment below 8%
After he did this, unemployment shot past 8%, and the recession - instead of turning around as predicted - at best limped along and at worst appears headed for a double-dip
NOW Obama tells us he needs another $50,000,000,000 in order to "prime the pump" through "shovel ready projects".
if this stupid crap works, then what the hell happened to the first $2,707,000,000,000 we gave you people!?!
George W in 2008 pushed through a $150 Billion Stimulus package that he said was necessary to 'prime the pump' to avoid a recession
After he did this, we got hit with a recession. And major businesses who had over leveraged began to fail. we were told we needed to give $700 billion to the banks to keep them from failing or else we'd go into a liquidity crises and the economy would suffer. We also needed to bail out the auto industry and fannie mae / freddie mac, or else unemployment would shoot through the roof and mortgage foreclosures would skyrocket. outside of TARP since 2008 we've spent almost a trillion ($1,000,000,000,000) in bailouts of specific companies.
After they did that, unemployment began to climb and mortgage foreclosures began to skyrocket.
Then, Obama pushed through a $800 Billion Stimulus package that was needed to go to "shovel ready projects" in order to get us out of the recession and keep unemployment below 8%
After he did this, unemployment shot past 8%, and the recession - instead of turning around as predicted - at best limped along and at worst appears headed for a double-dip
NOW Obama tells us he needs another $50,000,000,000 in order to "prime the pump" through "shovel ready projects".
if this stupid crap works, then what the hell happened to the first $2,707,000,000,000 we gave you people!?!