And that's not even counting the big-spender states and municipalities planning to join the bailout conga line! Nor does it count the hundreds of billions in alternative energy and education boondoggles (See below.)
We're going to take that inconceivably large amount of money from the good people who are productive enough to pay taxes to give to the businesses and people who managed themselves into or near bankruptcy? To spend on Sloppy Thousandths: the alternative energy schemes that no private company felt worthy to invest in? To spend yet more on education despite study after study demonstrating that spending more, especially on Obama's pet liberal ideas, does not yield more results?
Japan tried the strategy of massive government bailouts, handouts, and boondoggles (prettied up with the word "stimulus") in the '90s and it failed.
And that is supposed to be the spending that will replace our house-of-cards economy with a sturdy one? That will increase the U.S's ability to survive against competition from China, India, etc.? The government bailout/handout/boondoggle spending approach is more likely to drive the U.S. into a depression of unprecedentedly painful proportions.
Why are free-market voices not being heard here?