The case for a huge stimulus -- which I support -- is to prevent a devastating downward economic spiral. Spending is tumbling worldwide. In the fourth quarter of 2008, the U.S. economy contracted at a nearly 4 percent annual rate. In Japan, the economy fell at a nearly 13 percent rate; in Europe, the rate was about 6 percent. These are gruesome declines. If the economic outlook is as bleak as Obama says, there's no reason to dilute the upfront power of the stimulus. But that's what he's done.
That's a big reason to support across the board income rate cuts. That way it's difficult for politicians to pick who gets the money and the policy actually does stimulate the economy. JFK's and Reagan's tax cuts are excellent examples. Going the inept FDR route will only lead to more misery.