I know I'm not the only one who thinks that the government might be spending a little too much money. Back in 2007, we all thought that the Bush Administrations stimulus bill was an attempt to stave off Dow 10000 and 10% unemployment, ouch. That didnt work so well. So what has the Obama Administration decided to do, spend more money.
In the end, this was just a housing bubble, no different than the tech bubble before it except one major difference, it involved many more people, the bubble was larger and thus the fall has to be larger. BTW, if you are looking for someone to blame, there is plenty to go around from all parties and ideologies, more on this on a later blog.
I totally understand that it takes money to run the government, a lot of money but this is getting out of control and is a large gamble. If it works, Obama and democrats will be able to point to the spending bill and will be in power for a long time. They will also be able to say and rightly so that its better to have a slightly smaller piece of a bigger pie. If the spending bill does not work well then republicans will be able to say and rightly so that government is not the answer and will point to market forces as the answer once again. Only time will tell!