Did Obamas stimulus package work?
No one can currently give you an honest answer to that question. As of today 5/28/09 an A.P. story on Yahoo news says that $30 billion of the $787 Billion Stimulus package has been spent on services to under-gird the U.S. public in their current plight. Since banks in a sense ‘are’ the economy for most consumer oriented spending needs [credit to live on and make purchases with above and beyond what a person has in their pocket with a paycheck and living on that amount from week-to-week]. That being said, U.S. Treasury provisions state that all bailout funds from TARP must secure a banks ‘solvency’ [required base assets that allow a reserve of funds to be secured from] as well as ‘liquidity’ [funds that represent borrowing/spending/consumer deposits and income transactions that are the ‘net daily balance’ of positive or negative ‘cash flow’ from those operations and money lending usages]. How this is accomplished is by putting the TARP money from pocket ‘A’ into pocket ‘B’ of the Treasu
