The Obama Bailout Plan Will Not Boost the Economy; Unprecedented Govt. Spending Sends Economy into Tailspin.

The original bailout stimulus plans during the final quarter of 2008 were aimed to boost the economy, prop up the housing market and allow banks to continue borrowing money to businesses and the American public.

This time the estimated figure of the Barack Obama bailout plan could exceed $2 trillion dollars.

The money will be used on infrastructure projects, which are designed to create new jobs or keep existing ones, boost the economy and shorten the recession.

Many economists believe that the stimulus packages can help to soften the financial problems, but is generally counter-productive and will not shorten the economic crisis, but prolong it.

Cutting public spending, balancing the budget and reducing debt instead of creating it are better ways to shorten the recession.

Before Barack Obama was elected, the main reasons for concern were that he would increase public spending more than any president in history, and by god they were right!

The president is a puppet for the Federal Reserve, working for Wall Street, not the American people.

The only people within Obama’s administration with any power are Wall Street personnel such as the Secretary of the Treasury Tim Geightner, who unsurprisingly was the ex-president of the Federal Reserve New York.

Obama Bailout Plan Could be His Downfall

Recession Weeds Out the Weaker Businesses

Barack Obama has loaded his administration with Wall Street types who continue to find ingenious ways to bailout their criminal friends in high places.

It would be no surprise to suggest Mr. Obama is a front man for Wall Street and an agent of finance capital.

No other president in history has surrounded himself with so many ex-Federal Reserve employees, who undoubtedly have a big say in where the trillions go and how they are spent.

This may sound harsh, but a recession is a good way to root out poor performing businesses that continually lose money and bring down the house and product prices to encourage people to purchase cheaper houses and cars via a supply and demand environment.

Bailout injections provide poorly performing businesses with money to keep them afloat despite their bad investments and business decisions, thus rewarding mediocrity and prolonging a financial crisis even longer.

The Obama bailout plan should be focusing on production instead of employment.

The bailouts are part of the problem, because more debt doesn’t alleviate the debt that was the fundamental problem of this economic crisis in the first place.

Lower income taxes, reserved investments and less public spending would be a far greater way to shorten the recession.

The Bottom Line

The bottom line is that Barack Obama’s bailout plan will not ease the plight on the average American, improve the stock markets or revitalize the economic slump in any way, shape or form.

The previous bailouts have also failed to shorten the recession, so it’s easy to realize the Obama bailout plan will also fail to do so.

This lavish trend of public spending is not the solution to the fundamental problems of America or the world.

The president has to be careful, or he will lose the support of the public, which he gained with his charisma and the talk of change, when the only change is the name on the presidential letterheads.