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Politics : Formerly About Advanced Micro Devices
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To: mel221 who wrote (751945)11/9/2013 5:26:40 PM
From: combjelly  Read Replies (2) of 1576923
 
The $6T spent over the past 5 years has been insufficient. Including the $2T stimulus provided by the Federal Reserve, we have stimulated the economy with $8T over the past 5 years.


A couple of things here. For one, much of that money went to shore up banking, not a lot has been going into the actual economy. So it is an inefficient way to stimulate the economy. Unfortunately, we can't do any other stimulus without the cooperation of Congress, so we are stuck with the inefficient method.

Right now the biggest drag on the economy is tight credit. This is why recovery from a crisis in the financial system takes so long. It can literally be decades sometimes.
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