Recovery?

[TheMercenary]

Originally Posted by Aliantha

If the reps were in, how do you think they would have done things differently?

eta: I ask this simply because most western nations did more or less the same thing as obama and his administration to lesser or greater success. It seems to have helped somewhat here in Australia although if there hadn't been a stimulus plan, perhaps the results would have been similar. It's very hard to know because it's one of those things where there's really no control group.

Well I don't know about Australia, but in the US it was mis-spent and wasted. Lately everyone is spouting off about the recent gains by GM (Government Motors) but completely and conveniently ignore the fact that the public will never get back 20 billion dollars of the bailout money that was used to rescue the auto industry. We have had numerous programs to bail out the banks and investment groups, while Obama hired them on the side, but nothing to help out the investors or home owners who took it in the shorts. Even his latest political ploy directly effects few.

[Aliantha]

Originally Posted by TheMercenary

Well I don't know about Australia, but in the US it was mis-spent and wasted. Lately everyone is spouting off about the recent gains by GM (Government Motors) but completely and conveniently ignore the fact that the public will never get back 20 billion dollars of the bailout money that was used to rescue the auto industry. We have had numerous programs to bail out the banks and investment groups, while Obama hired them on the side, but nothing to help out the investors or home owners who took it in the shorts. Even his latest political ploy directly effects few.

So in the US stimulus package(s), no money went to individuals at all? Only to companies?

[TheMercenary]

Originally Posted by Aliantha

So in the US stimulus package(s), no money went to individuals at all? Only to companies?

Mostly to businesses. Individuals did not directly receive money. But they did create some great jobs, at hundred of thousands of dollars per job, at least until the money ran out. A huge waste.