In his weekly video address, President Barack Obama brought the reasons why the stimulus package is so important straight to the public, foregoing reporters.
Today President Obama also wrote an op ed for the Washington Post on the same subject.
I have to say that I'm impressed that he isn't talking down to us, but truly trying to inform as he explains.
But, and this is a big skeptical "but," when we hear about how much corruption there has been under the TARP, the Bush- Paulsen one that bailed out the banks so that they could refuse to loan money to ordinary people, choosing instead to buy up other banks and then reward their top executives with bonuses they didn't deserve, I'm wondering: does anyone know what they are doing?
The answer is no. No one knows anything. So, if we are going to spend to jumpstart the economy, let's really spend and not just create more corruption.
Today I heard disheartening news. I was told that the same brokers who sold those sub prime mortgages are now the same people who are selling their services to negotiate new terms on those same lousy mortgages to the same customers they cheated in the first place.
And The New York Times published the list of Madoff clients, not all of whom lost money, but who were at least at one point or another considered investors. The list is searchable by name with addresses, so you can see if any of your former friends and foes are bleeding.
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