The “stimulus” plan should be renamed the “Welfare Expansion Act of 2009”. It will vastly increase federal spending, but will do next to nothing to alleviate the current, government-caused, economic crisis.
If the Obama administration had any common sense, it would eliminate mark-to-market accounting. If Congress and the president had brains, they would eliminate the federal income tax and all its excess baggage, replacing it with a national sales tax.
The above two actions would result in an unprecedented economic boom.
What do you think about the stimulus? Gregg recused himself from voting on it before. I wonder if a vote no would have an impact.