Quote:
Originally Posted by Local2ED
It is widely accepted, except by the average Faux noise viewer, that the stimulus saved jobs and prevented the country from falling into a depression. Quite a few reports out that the recession was much worse than originally believed. My complaint, shared by many economists is the stimulus was NOT LARGE ENOUGH. But then hindsight is always 20/20.
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Would these economists be the ones who are always surprised by what the economy actually does?
There are economists, and economists. Hopefully the ones who believe in "priming the pump" as a way to stimulate the economy are being exposed as wishful thinkers.