Stop The Stimulus Package

Finally, someone with experience in government affairs is speaking out on this senseless, pandering stimulus package. As we wrote before, money has ground to a halt in the economy and the vast majority of these stimulus checks are going to end up being used to pay bills or saved and therefore are really more bank welfare. Since then a few surveys have confirmed the majority of this money will either be saved or used to pay bills.

Today, a former government policy advisor's Op-Ed in the New York Times takes a position that this money should instead be used for targeted efforts in the housing space. Wouldn't most people rather see this stimulus money spent to help people who might have lost their job, have children and may be seeing their mortgage foreclosed upon? Or other more creative efforts to bring banks and mortgage holders together in a solution where both may be able to find constructive resolution? We are already seeing legislation being formulated in Congress for just such an effort anyway. The reality is we aren't going to spend our way to prosperity or resolution of the current issues and we don't have unlimited funds. So, wouldn't it be refreshing to see some type of logical use of the citizen's money instead of more shotgun spending? Is there a politician in Washington who will stand up and stop the pandering stimulus package? Will anyone stand to account? Anyone? Bueller? Bueller?