Guys, a little (recent) historical perspective please...
Recall, when BO came into office there was a very real risk of a full on 1929-style Depression coming on instead of just the severe recession that we ended up experiencing. The incentives given to stimulate consumer spending, and the extensive loans given to many distressed corporations, are exactly the things that staved off a revisit to 1929. That kind of emergency fiscal policy is classic stimulus spending designed to keep the money flow circulating and avoiding the economy falling on its face. It doesn't matter if you're Republican, Democrat, Independent, Alien, blue, green, white or purple, that's what works in the situation.
The good news is that it worked. Pretty well in fact. Today, we're not standing in a bread line, or living in a cave fighting over scraps of meat. At least the vast majority of us aren't.
The thing to do now, is to focus upon putting in place the guard rails to avoid it all happening again. And that means (amongst other things) getting a handle on Wall Street and its excessive practices. Back in '29 (actually '33 and '34) that meant legislating the SEC Acts of '33 and '34, which as you probably know, are the major pieces of legislation that reigned in Wall Street and its craziness. Today, we need updated regulatory legislation to again reign in Wall Street for the changed circumstances since then, but to get that done we need some decent leadership in D.C. that has the balls to take on Wall Street and push through some appropriate regulations. We don't currently have that. I wish Ellliot Spitzer would run for President - he'd get the job done. Who cares if he likes to see a "pro" once in a while.