[Alia]

I think the President did a superb job explaining how this came to be; what the point is in the $700B (liquidity); and how it is hoped to be turned back to the taxpayer in time.

Bravo, really. And in under 13 mins. - astoundingly good compression of data, presented in a way a non-econ person might begin to comprehend. I thought the ideas expressed were quite visual, in nature, and therefore far more reachable to a large, diverse public. Of course, those with more understanding of econ (Mr. Krauthammer's comments) will think the speech a bit pedestrian; and so it goes. People who want to understand the problem, having little to comprehension of econ might begin to get a glimmer of truth and not spin, and I think the President delivered on that.

And I thank him for doing this, as he did this.

May God Bless you too, Mr. President! :)

[mr_hammer]

Although his intentions might be noble...economically its suicide.

Inside two years we will be back here again, if not sooner.

Unless the under lying weakness’s of household budgets are addressed we are sunk!

[dalereed]

“and how it is hoped to be turned back to the taxpayer in time.”

With over 100% inflation which makes it only a 50% payback and at the same time stealing 50% of the value of all the assrts of responsible people while bailing out those that should lose everything they have!!!

[mr_hammer]

Respectfully submitted for your consideration:

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” -—Ludwig Von Mises