Obama Announces Re-election Bid

[Fair&Balanced]

Originally Posted by TheMercenary

At what cost? It was a fucking boondoggle. Not a complete waste, but waste never the less.

At the cost of avoiding an economy in free fall and a depression that would have been much deeper and lasted much longer.

Also, dont forget that 2/3 of the stimulus funding was for tax cuts and tax relief, mostly for small businesses and middle class, along with increased benefit for large number of unemployed in the preceeding 2-3 years ....the kind of tax cuts that Republicans generally like (maybe not the increased benefits part) but refused to support in the stimulus bill for political reasons.

[TheMercenary]

Originally Posted by Fair&Balanced

At the cost of avoiding an economy in free fall and a depression that would have been much deeper and lasted much longer.

What was the probability that would have actually happened? Not every thing that was bailed out needed to be bailed out.

Also, dont forget that 2/3 of the stimulus funding was for tax cuts and tax relief, mostly for small businesses and middle class, along with increased benefit for large number of unemployed in the preceeding 2-3 years ....the kind of tax cuts that Republicans generally like (maybe not the increased benefits part) but refused to support in the stimulus bill for political reasons.

Under TARP or the Stimulus #1 and #2?