The origins of our lousy economy are well known. The banks proved weak and “too big to fail.” They got into this state through a combination of risky
instruments like swaps and derivatives. Result:
financial meltdown that sucked liquidity out of the economy while the banks shut down their lending. The controversial TARP seemed to boost the financial institutions and enable GDP growth.

The good news is that the number of jobs lost per month was significantly retarded.

Most people believe the stimulus is working and has saved or created 1.5 to 2.0 million jobs. I would suggest most of these jobs were created in the government sector preserving teaching positions,firefighters and police.

As I mentioned, it was the president and US government that was extending credit, reducing
risk and creating the liquidity needed to sustain and grow GDP? It was neither the banks nor insurance companies (they are raising premiums and denying coverage), other industries? No, they were laying off workers and attempted to keep productivity by making remaining workers work more.

The responsibility fell to the stimulus. As most
leading economists would agree, now is the time for deficit spend but many felt the stimulus was two small.

Obama is going to pass health care this year with a public option. This will help throttle back some of those out of control premium hikes and will invite all Americans to participate to get insurance without the fear of coverage denials as with pre-existing conditions.

With the leadership of Elizabeth Warren, the TARP
funds will be more transparent and will allow us to see how these funds will be allocated.

Overall, this is the time for leftist/liberal to
continue with these progressive programs providing an increasingly healthy economy with real GDP growth that will serve as the foundation for job creation.