Wednesday, January 28, 2009

Best Stimulus: Homebuyers' Tax Credit

By Dennis Byrne
RealClearPolitics.com

Last October, I said that the $700 billion bailout package, known as TARP, would become the biggest flimflam ever pulled on the American public.

I was wrong. It will be overshadowed by President Barack Obama's $825 billion stimulus package as the biggest swindle ever--doing nothing more than ladling out uncounted billions to the same old government contractors, political cronies and well-lobbied special interest groups for years to come.

It will prove to be about as effective at reigniting the economy as the TARP program has been, which is to say a criminal waste of taxpayers' money for generations to come

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