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Originally posted by mythatsabigprobe
Believe it or not, it's government's job to spend in a recession. If government doesn't increase liquidity by spending in a recession, it's a sure way to create a depression.
We all like to criticize Obama for his stimulus plan but forget it was backed by Republicans and leading economists at the time. It was also not the first but the third government stimulus this decade.
Bush spent an equal amount in just the last few months of his term, but that money went directly to the bankers and the Treasurer (Paulson) refused to let any of that money be used to help manufacturing companies or create jobs. In contrast, Obama's stimulus is going to the people with tax cuts for those who need it most and money for job creation.
Apparently, most republicans would prefer to just give all our tax money to the banks.