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Politics : Politics for Pros- moderated
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To: KLP who wrote (292074)2/12/2009 10:31:55 AM
From: skinowski  Read Replies (1) of 793964
 
Stimulators - They earmarked A amount of money for this, B for that, and C for another thing... and so on. All of the money to be spent was borrowed, or created from thin air - in fact, diluting the value of existing wealth. All of it will be spent in accordance with the influence and political connections of the recipients.

The great hope is that if you throw a trainload of money into the system, that will lead to an increase in buying, selling - and, therefore, manufacturing, and generally an increase in GDP. As this activity [hopefully] acquires momentum of its own, the economy will recover and growth will resume.

This worked several times in the past - that's why we are doing it again now. This time it will probably fail. Too many recipients of government's largesse will simply save the cash - or pay down debt. The Big Bull is out of bubbles, and the Bear will need to run its course.
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