David Letterman 021709 Economic Stimulus

"Government has neither the incentives nor the information to allocate economic resources efficiently." ("It's like a budget number" by Spruiell at National Review)  The recent stimulus package proves this.

If Obama thinks the people really want change, wait till 2012. Its amazing the media keeps comparing Obama to Lincoln and Reagan. The press apparently cant think of a Democrat worthy enough to compare him to.

that's seriously what it might come down to

After eight years of the Bush disaster, financial meltdown, and trillions and trillions of debt to give to your children and grandchildren, you would think that the Bush cheerleaders would give Obama more than four weeks to straighten things out. I keep forgetting that their motto is party before country, though.

I'm not a Bush cheerleader by any means, but you really don't have your facts straight. Sure the meltdown happened at the end of the Bush administration, but it was a Democratic Congress that allowed Fannie Mae to get so out of control, which started this mess. Loans given to people to buy homes they couldn't afford. I hope Obama and the Democratic Congress can fix the mess the congressional Democrats created. No president can break or fix it on their own... they need Congress.

The meltdown happened at the end of the Bush administration but the causes started years before. The Congress, Fed, Treasury and SEC, all run by republicans, turned a blind eye when the banks decided to lend to anyone who wanted a loan, packaged them, got the rating agencies to stamp them AAA, and had Wall Street sell those bonds to an unsuspecting world. Banks everywhere dropped their lending standards because they were making so much money they couldn't stop. Watch House of Cards on CNBC.

Whatever the problem, just blame the other party. Most people don't know enough to believe otherwise. In reality, Democrats' policies tend to be failures, then they blame the Republicans and say they need more money for their ideas to work. That is the basic formula.

Greenspan, Paulsen, Cox, all republicans, testifited in front of a congressional committee and were all asked if Fannie and Freddie were the cause of this meltdown and all three said no. Maybe you know something they don't.

Google "Election Analysis: America Can Take Pride In This Historic, Inspirational Disaster". Iowahawk has it pretty much nailed.

"...I don't care whether you are a conservative or a liberal -- when you saw this inspiring young African-American rise to our nation's highest office I hope you felt the same sense of patriotic pride that I experienced, no matter how hard you were hyperventilating with deep existential dread.... "

Sorry you can't handle realism hcsknight. I know its a change for a President to tell you how it is.

What he says is backed up by most economists. No amount of government action will prevent this recession from lasting till the end of 2009.

You conservatives have been wrong about the economy for the past several years (saying there is no recession just last summer) isn't it time you give up.