Fox's Napolitano refers to stimulus bills as "bailouts" 

Oh, Laffer is right. He is very very far Right. He's the genius that gave us supply side economics, also known as voodoo economics, according to Bush Sr. I clearly remember how well those Republican policies all worked out, especially for the savings and loan industry!

The conservative talking heads are so intent on emphasizing the $787 billion stimulus package that they fail to apprehend the $12 trillion hole it is attempting to fill. Plus, they have totally jumped the gun on saying the stimulus hasn't worked. It's already slowed the sliding jobs and housing markets. It took nine years and a world war to pull us out of the Great Depression, folks, and this one is going to last for a couple of years at least.

HARD workers in today's America work 2 jobs at minimum wage. Many HARD workers are sub-minimum Mexicans and Guatemalans. Educated workers may be low to mid-level earners, under 100K. Some small biz owners are very hard working.

But the HIGHEST INCOME EARNERS in America don't do a frickin thing and produce nothing. The highest income earners made a killing buying oil futures contracts and upselling them to the next schlub who did the same repeated on average 27 times until oil was $140 a barrel and some traders walked away with a Billion dollars per person.

The HIGHEST INCOME EARNERS lied about the value of their packaged mortgage securities, got AIG to "guarantee" them without having any capital to back up the guarantee, and either sold them or used them as collateral for loans or banks used them as a "capital" base for creating new loans, even though everyone understood they were dealing with garbage.

Stickmen video discussing the Mortgage Meltdown explains well.

Michael Hudson, economist, agrees on reducing capital gains --- on actual productive capital, which is what the 'founders' of capitalism meant. They did not intend for 'capital gains' to mean 'inflated land values' or RENT (privileged access fees) for minerals like oil, coal, gas, gold, etc. In this case, capital gains are nothing more than a sophisticated TAX by the rich (and well connected to govt) on everyone else.

The old simple rules taught in the 3rd grade stopped applying after the Civil war when the GOVERNMENT started permitting "General Incorporation", instead of just churches or special restricted State regulated temp incorporation. Every corporation is a GOVT agency, because GOVT is what defines what a corporation is .... a govt-protected company.

And HOW has it "stimulated unemployment" exactly? And go back to Macro-Econ 101 before you try to answer. You're looking like a C-Student right about now.

And that is exactly what was wrong with Bush's attempted stimulus package. Instead of creating any jobs or anything like that he sent people checks hoping they would buy things, but instead most of it went to paying off people's credit card debt.

"jurisdictions" (wish there was a preview/spell check feature here)

Applying the same logic, how can anybody talk about a 2nd stimulus when the first one has not even had a chance to work or even to be implemented. Where have all the shovel ready projects disappeared to.