Where to begin?
Medicare is NOT broke regardless of what FOX News says... and any issues with it stem from having a huge amount of new benefit recipients (the baby boomers) coming into the system. Without Medicare, MILLIONS of senior citizens who aren't rich would have no healthcare coverage at all and would be left to die... just like the GOP wants it.
Social Security isn't broke either. In fact, it is guaranteed to be solvent at least until 2044. Yes, it is facing some problems... but again, these stem MORE from the amount of benefit recipients, than from administrative ineptitude.
The USPS may not be the posterchild of efficiency... BUT NO ONE else could deliver a letter to your house for $.44.
Fannie Mae had been a smashing success up until the GOP's economic guru Senator Phil Gramm came up with the brilliant idea to de-regulate the investment banking industry.
Freddie Mac... same thing.
TARP was the brainchild of BUSH Treasury Secretary Hank Paulson and BUSH Fed Chairman Benjamin Bernanke... and the need for it stems from the very SAME de-regulation that the GOP pushed through.
The Omnibus bill was a consolidation of spending proposals from fiscal year 2009... which runs from September, 2008 to September, 2009. MOST of the budget appropriations in it were authored by... ready for it... the BUSH administration!
The Economic Stimulus Plan was designed to be phased in over the course of 3 years. We are currently in the initial stages of it's implementation and ALREADY the economic indicators are positive for recovery. Unemployment statistics are a lagging indicator... and even as such, it appears that the unemployment rate is leveling off. The DOW, NASDAQ and the S&P 500 have all made significant gains since they bottomed out in January of 2009... BEFORE Obama took office. Even the housing market is showing signs of recovery!
To say that the Stimulus is a failure already means that you lack the cognitive capacity to understand the nuances of macro-economics... and you would rather just regurgitate something you heard Rush say.
And finally... Cash for Clunkers. Despite wingnut popular wisdom... the program did NOT go broke. In fact, it was such a success that the Senate appropriated another 2 billion dollars to the initial 1 billion. It did EXACTLY what it was designed to do... which was to stimulate car buying. A lot of other industries are tied to automobile manufacturing and a lot of jobs were either created or saved by the increase in car sales.
OK... so a lot of Japanese cars were sold during the program. Guess what... MOST Japanese cars sold in America are made right here... which definitely helped those workers in States like Tennessee and Alabama where the bulk of them are made.
Wingnut chain e-mails... DEFINITELY for the feeble-minded.