Input from the U.S. Senate Stimulus

In the article “Stimulus: Senate’s housing hopes”, http://money.cnn.com/2009/02/01/news/economy/Senate_stimulus_housing/index.htm?postversion=2009020117, the author talks about some of the ideas the Senate and the President have presented to turn the economy around. They believe as most people do that the Real Estate Market in the USA has to recover for the overall economy to recover. One thing that links all of the plans mentioned in this article is for Troubled Asset Relief Program, (TARP), monies to be given to mainstream America and not the banks or Wall Street.

Recent history has shown that when the troubled banks have been given money to get themselves out of their current situation, instead of investing in mainstream America, they purchase other companies to expand their current businesses. Instead of having a stabilizing effect things got worse and they asked for more government money to get them out of their new situation.

We are in an economical crisis that is unique in history. Until these programs like the ones that are mentioned in this article are implemented it will not be known if they will work. We have attempted to help the financial institutions that had historical profits over the past years, profits that in the end were illusions and that the world is paying for now. We need to attack this issue from a different direction, one that will help the people who are paying for the profits that never were.