Six Million New Reasons to Stop a Second Stimulus?

Charles Payne, WStreet.com: There will always be some degree of waste, fraud, and abuse with any major government initiative like this. The thing we have to worry about is all the money the White House seems bent on controlling. They want to take TARP and use it for stimulus two. It's like Butch Cassidy and the Sundance Kid. But even they blushed at the brassiness of going back again and again and robbing banks! We spent billions on "shovel ready" jobs. Was that not enough? Was that not real money?

President Obama's Sit-Down With Bank Executives: Strong-arm Tactics?

Charles Payne: The thing that scares me is the other people President Obama has been summoning. Unions, utilities, environmentalists. Whatever it is, the President is exerting his power to positively influence and benefit his political allies. Look at the EPA ruling on C02 during this past week--it's a secret weapon. President Obama has to try and look tough with the bankers since they got $700 billion with no strings attached. They're convenient whipping boys. But there are far bigger things for us to be worried about.

Your Tax Money to Help Fight Global Warming Overseas; What?

Charles Payne: This $40 billion number being quoted is low. It's going to go much higher, maybe $150 billion a year and you can bet America will be paying the most. This is a guilt trip by the White House. This is our way of making up for our country's injustices over previous generations. It's this "we owe the world" mentality. That's the message. And what people have to ask themselves is, are you willing to hand out billions and billions of dollars to the world?

"AAA" Stocks

Charles Payne: Alcoa (AA)

Read the complete transcript here: http://www.foxnews.com/story/0,2933,580215,00.html