If we had just given a $trillion dollars of tax breaks to business in the beginning, we would be having high inflation, GDP growth in the 5-8% range and 500k jobs per month. We would still have a trillion dollars added to the debt, but at least it would have had the desired effect. Now we have no jobs, more debt, and more importantly, "NO MORE BULLETS" for the next president. The only bright spot is even a total dummy on drugs will not vote Obama a second term. I'm not saying he will be easy to beat because the American economic education is so lacking they would vote for Castro if they could, but there just isn't enough of them to get Obama back in. The big question now is can we make it to 2012? Will there be enough of America left to fix? Will the next guy know what to do? Anybody without "Friedman" as their middle name shouldn't have a chance of election. A question that must be asked, even of republicans, should be "What would you do first?" Platitudes and spin must stop right now. If someone doesn't have a plan, we don't have the time or money to mess with them. If we are just going to inflate our way out of this, we have another loser and we won't survive another term. America MUST change, and right now, not 6 months from now. I'm not even sure the Republicans shouldn't try impeachment for stealing 3 trillion dollars.
Well you seem to know more than the average joe in regards to economics. What if we had spent that 1 trillion on, say, paying off every student loan in the country. What effect do you think it would have had on the economy? Or would it make things worse? Or no change at all?
Loved your post btw.