That is an example of how completely incompetent Obama is when it comes to understanding our economic problems. Government spending caused the problem. They are the problem. This is not a solution, it is a recipe for a depression.

Obamanomics will destroy what little value is left in the dollar.

Emery, Atlanta,GA, USA

I can't believe Obama made that statement. Only the government can get us out of this mess? Heck, the government caused this mess with its meddling in the housing loan sector. Typical nonsense from a rich socialist who has no idea what he's doing.

Alex, Albany, Oregon, USA

An economy based on constant spending - either with cash or credit - is what we've come to.

TV not 50 inches? Well get one! No cash, Well get credit....

John, London,

Not having been besotted by Mr Obama in the run up to his election.
I am completely turned around.
As an consultant to world governments in the late 80s early 90s, the only solution to regenerate a prosperous economy is the create jobs & incentivise spending. Savings can be encouraged later

Richard, Bucharest,

If you want remain slaves of the bankers and pay for the costs of your own slavery, let them continue to create money and control the nations credit.

DudeDad, Austin, TX, USA

And what will happen after all the spending?
- manufacturing will be even more dead than today,
- banks will suck more money than today,
- import will be even bigger,
- export will 'grow' to zero and
- roads will be smoother.
Solution is to invest into manufacturing in own countries and open jobs.

savo, london, uk

God help the grandchildren of today's US voters.

Ben, Queensland, Australia

No one has ever spent their way out of recession. They usually last 12-24 months, unless the dorks in government get involved, then they last longer or turn into depressions. It's called history.

Garry, Melcher, USA

This was soooooo predictable. If you have seen the film Zeitgeist, you would think this was one of the scenes from it.

S Soos, Leics,

great plan. this is what they want in australia and what i seen on this website for the UK. hyperinflation here we come.

tim, NSW, OZ

For the past 8 years George Bush has supposedly spent upwards of 700 billion dollars on wars that have devasted lives and countries. Obama wants to spend the same perhaps over the next 4 to 8 years rebuilding America, its economy and its people. Which is better?

Ian McCarthy, Dublin, Ireland

Is the financial advice to the President elect from the same sources as those responsible for this mess?

BJ, London, England

Hi didn't see the recession coming as a Senator.
They've already tried $700 billion - with no effect. Has he fixed the root causes of the housing bubble?
He has no experience in turning anything around. Any money leading to more renewabale energy is good - the rest, likely to be wasted.

Hugo van Randwyck, London, UK

With this latest statement from Obama, it looks like David Cameron is out of step with all the industrial nations with his policies in curing the economic problem around the World.Poor Dave has not made a very good start with Barak!

Bill Rees, Falmouth, UK

No wonder the pound rallied today! With policies like this it is only a matter of a few months before bubbles start appearing and popping worldwide.

Edwin, Bucharest,

Like Obama, Brown is very adroit at pretending he knowns what's required particularly when it comes to spending money he doesn't have without regard to how it will be repaid in the future. Anything to get him through the next few months will do.
Prudence? Sorry, isn't that what he believed in?

A.M. Williams, Stafford,

This "stimulus" is an indirect tax on prudent savers and indirect debt relief for the improvident. Would anyone care to guess in which group Obama's worshipers chiefly reside?

RSP, St. Simons Island, GA, USA

This "stimulus" is an indirect tax on prudent savers and indirect debt relief for the improvident. Would anyone care to guess in which group Obama's worshipers chiefly reside?

Robert, St. Simons Island, GA, USA

He prints it. They print it.......Gordon will follow suit

Geoff Smith, Phuket, Thailand

The money is created by the Federal Reserve Bank out of nothing. All national banks create money from nothing when they loan it to banks or the government.

As far as Obama's policies, read the works of John Maynard Keynes.

Jon Maynard, Lansing MI, USA

where does he get this money?

Trevor, spokane, united states