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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (105573)	3/6/2009 10:56:32 AM
From: Steve Lokness	Read Replies (1) \| Respond to of 540987

Sam; I would say, it was the "wrong kind" of stimulation more than "too much" of it. Building houses is a good thing--as long as it isn't overbuilding based on absurd valuations relative to income and overall wealth. And of course, unrealistically low interest rates. Wrong kind? Assuming you are not a socialist, what kind of stimulus do you want to see from government - in normal times? I stick with my statement; it was too much stimulus and if hadn't gone into housing it (money/stimulus) would have found a home some other place. steve