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Originally Posted by dalakhani
Im not confusing the two. Tarp came in fall/winter 2008. Dow hit 6500 late winter/early march 2009. Stimulus helped take the market out of freefall. It didnt change the "economy" but surely you would agree that it changed the markets.
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The problem that I had with the stimulus is that such a huge portion of the money went to non stimulus area's. My argument was that if more of the money was properly "invested" into the economy in different ways, private enterprise would expand, spurring economic recovery while creating real jobs. Instead we got a huge expansion of unsustainable (without future stimulus spending) social programs and temporary fixes. The jobs that were lauded while starting this fine thread are basically just temporary govt handouts. Liberals will say that it is better than leaving those people unemployed for the next year in its defense. But that is taking the low road as well because the jobs are not sustainable jobs for the most part, they are just a patch. So the money spent makes you feel better today but down the road when the bill comes you are gonna feel like the money wasnt well spent or worse just plain wasted.