Obama's Press Conference

President Obama didn't reassure me during his press conference yesterday. I still don't understand how the massive spending he is proposing can be the solution when it was overspending and too much borrowing that caused the problem in the first place. The stimulus might prevent a more massive and painful downturn in the short run but in the long run is going to cause more problems with an unsustainable debt and a weakened dollar. Without such a massive stimulus we probably have more pain now but for a shorter period and we would have a chance to re-establish our economy on a sounder basis.