Just to put the spending called for so far by the Obama administration and Congress into perspective, that's over $10,000 for every single man, woman, and child in this country.
You might wonder why the government doesn't just give that money to every man, woman, and child in this country instead of wasting it on garbage; for a poor family with a couple of kids, that would be $40,000. Imagine how much debt would be paid off, how many foreclosures would be avoided, how many banks would feel a huge increase in capital, how much reinvestment would occur... it would be wonderful, right? You might wonder...
So do I.
(Yes, I know I'm oversimplifying. Point still stands.)