NVDL: I have not supported the bail out from the start. It was ill-conceived. It was based on an idea that 'something cannot fail". Well it has and it should. Bailing out the automakers was dumb, bailing out the world's bank insurer even dumber. There were far better ways to employ those bonusses...err...I mean funds for bonusses. But then I guess it depends on who you are. if you're rich, it was right, if it was your taxpayer dollars, it was a swindle in broad daylight.
It was the strongest pushback yet from a European leader as the 27-nation bloc bristles from U.S. criticism that it is not spending enough to stimulate demand.
Obama insisted Tuesday that his massive budget proposal will put the ailing U.S. economy back on its feet. "This budget is inseparable from this recovery," he said, "because it is what lays the foundation for a secure and lasting prosperity."