New Stimulus Plan Is Needed For the U.S. Economy's Long Road Back to Health
All this argues for yet another national stimulus program to be prepared for implementation in the event that the forces of contraction get out of control. This is no time to take a chance that a particular program will work in the context of the biggest collapse in economic confidence since the Great Depression.
Reader Comments
Where has it worked?
There is no evidence that any stimulus has ever worked. Even if they did, isn't it far too early to score the current one's effect?
It is amazing how many pundits and congressmen now worry that their nearly trillion dollar gamble isn't going to work. Yet instead of knowing when to quit they are doubling down.
Stupid Steve's Savings Smackdown
Retirees would just love this as all of their savings have already been battered! Sounds like a liberal wanting to bash the people who have tried to do the right thing and save for their retirement. May the IRS tax Steve's income at a 99% rate and see how he likes it.
Don't Stimulate the Politicians
Lower taxes and reduce the number of people on the state and federal government payrolls. Too much of the original stmulus plan was to kick in from 2010-2013 to get Obam elected again by the non-taxpayers in the US, currently about 60% of the population. The failure of the stimlus paln was that it was done for political reasons and not to truly solve immediate problems. Bank bailouts have the banks afraid of their own shadow as a result.
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