Yes and no..
I'm sure you are aware of the term "It takes money to make money"..
Well It does, Obama is having to bail out these big banks and industries to save American jobs. Do I agree with it...no. I think if your business fails from bad management and bad decisions ...oh well too bad GM, too bad AIG, Too bad Citibank...That's the free market...The strong survive...ect, ect...
The problem is that those companies are not just high powered CEO'S and suits.Those companies are the financial lifeblood of millions of american families.So it's in our best interest on the short term to keep them afloat rather than have another few million people collecting unemployment.
The "New Deal" brought us out of this countries first great depression,that was just as big for it's time than this stimulus package is now. Let's face it , we could use an investment in our countries infastructure ...Does anyone remember that bridge that collapsed in St.Paul a few years back? A lot of good can be done with that money to boost our roads and tunnels and bridges.
If you look at history, this country has had it's best economic growth during
democratic rule. Republicans talk the talk but can turn a surplus into a deficit as fast as you can say "George W".
Just imagine if GWB was handed the country as in bad a shape as Obama received it...Where would we be now?