The Stimulus

It is defended as saving the economy. Those sort of arguments make sense in regards to TARP - well, they are justifiable, if taken on good faith.

But in what way did the stimulus save the economy? The only plausible argument I can think of is that the expectation of future big spending gives banks greater faith to loan money - because that was the issue in February 2009. But that's bogus.

Cancel the Stimulus, cut it off at $300 billion. Have the states cancel their pensions - sorry state workers, you never deserved them. It's that simple. Oh, and that is in part what this Stimulus was all about.