Wait a minute. Think about what you just said, Rob:

"...getting the money in the hands of people who need it and will spend it is the right move right now."

Isn't that the kind of thinking that got us into trouble with subprime mortgages?  Sure, people were spending, but the money they were spending was borrowed against equity that didn't really exist.  Isn't that exactly what's happening with this bailout?

FDR tried the same thing in the 1930s with his "prime the pump" fiscal policies, with disastrous results.  The better plan would be to permanently lower taxes by a trillion dollars and let the free market determine where to spend that money.  In his recent speech at George Mason University, Mr. Obama said,

It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe. Only government can break the vicious cycles that are crippling our economy – where a lack of spending leads to lost jobs which leads to even less spending; where an inability to lend and borrow stops growth and leads to even less credit.

 --President-Elect Barack Obama, 01.07.2009 (emphasis supplied)

So according to Mr. Obama, government is our only hope.  I wonder what Prof. Williams will have to say about that?

Regards,
Scott Perry