Thom Hartmann: Obama's Stimulus Was One of the Best Kept Secrets - Why?

[Cary]

3. Listening to Niall Ferguson yesterday

He said that he voted for McCain and that McCain would have used tax cuts rather than government spending. Mr. Grunwald points out otherwise, but then too 1/3 of President Obama's stimulus was tax cuts.

Interesting about the psychology and saving.

I have a degree in economics and I find it fascinating. But most people don't share my fascination. I find that they believe what they want to believe about it regardless. I am not so sure that there is anything that President Obama could do to get the word out. The bottom line for the vast majority out there is their bottom line. If they feel good, as they did under President Clinton, then he's a genius. If they don't, then it's the President's fault even if it isn't his fault. So it's rather amazing right now that President Obama isn't taking more heat over it.

We needed and continue to need more stimulus and there's no good reason why we can't be subsidizing the states so they're not firing policemen, firemen, and teachers. We have $20 trillion infrastructure maintenance deficit and there's no good reason why we're not working on that, along with new infrastructure. There is no good reason, only Republican obstruction.