Effectiveness Of Stimulus Questioned

October 23. 2009

U.S. President Barack Obama

The effectiveness of the stimulus bills by former President George W. Bush and White House incumbent, Barack Obama, is being questioned, as the numbers are not adding up and equaling growth.

Certain companies such as AIG and a few automakers needed the assistance, to save a multitude of jobs, but the government lost its way in throwing billions at banks and numerous other financial entities and business enterprises, some of which have misused the funds, not producing anything of value for the American people. Some banks, such as Northern Trust, received massive sums of money they didn't even need.

I question the logic of having done this, rather than focusing on a few U.S. corporations that anchor the American economy.

Additionally, bailout money, by law, should have been stipulated as funds that must be repaid, as corporations improved their financial outlook.

As it stands, many business recipients have no intention of repaying a dime, as they are not legally compelled to do so. Christmas came early for the corporate sector courtesy of the American taxpayer.