Short term stimulus or long term stability?

Posted on February 20, 2009. Filed under: Uncategorized |

clipped from moneytheory.com

Short-term stimulus, or long-term stability?

Okay, I couldn’t go without posting a bit about my views on the stimulus package, which is so ever present in the news, so here it is…

$787,000,000,000 is a lot of money!  (With the zeroes included, it looks like a lot too!)  Now, I somewhat understand the philosophy of why the government has scurried so quickly to move this through all branches of the Federal government.  Supposedly, the injection of this money into a wide variety of industries and sectors of our economy is supposed to spur growth, create jobs, and help stimulate spending.  I guess it is believed that without this, the economy may further deteriorate, and may spiral further down into deep recession.  With bad news constantly rolling in about the financial state of our world, I suppose there is reason to act quickly.

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