Originally posted by Sestias
I, reluctantly, tend to believe the massive spending is probably necessary.
And I, very reluctantly, agree with you. We can either spend a LOT and let the government get us out of the mess they put us in and let our children and grandchildren pay it back OR we can piddly-dink around, spending a few million here and a couple million there in a sort of half-assed attempt to keep us from going entirely under all at once. Unfortunately, I believe this will just prolong the inevitable... which is the third option: Letting the nation slip into a depression that will REALLY have some MASSIVE repercussions throughout nearly all classes of Americans.
I disagree with Clinton that the government has NO choice. But if they choose not to "Spend their way out" of this, we're going to have a massive depression.
The money needs to go to creating jobs, energy efficiency, health care, new forms of energy creation and infrastructure. And I believe that's exactly what Obama has planned.
I HATE the idea of the government bailing everyone out. But they shouldn't have let all our jobs be sent overseas. SOMEONE (besides ATS Members) should have seen this coming.
I get so frustrated when I see people, companies, corporations and government thinking SO short-term! For the past 30 years, they've had the attitude of "Hey, if it works today, who cares about tomorrow"? And here we are in "tomorrow". Now, we have to pay for all that short-sightedness.
I hope we learned the lesson...