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Originally Posted by sebastian_dangerfield
the banks would surely pay back Uncle Sam at profit.
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Which they did, but doesn't stop some people from going on about how much money was "given" to the banks.
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Nevermind that by bailing out the little guy with direct subsidies (same way Bush gave everyone checks during a bad economy a few years prior, only much bigger)
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1/3 of the ARRA was tax cuts. I'm struggling to remember exactly what form those took, but this
site (no idea what it is) says that there were withholding tax cuts and some other stuff, in addition to unemployment benefit expansion and additional SSI payments. There was actually money spent - not loaned - to give to the little guy.
Should it have been more? In my view, preferably more actual spending rather than more cash, but that's primarily because when you build a bridge or a wind farm you both get to pay the workers and wind up with a bridge or wind farm.
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