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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (35749)6/5/2009 3:54:07 PM
From: TimF  Read Replies (1) | Respond to of 71588
 
I have long pointed out that the Federal Reserve's quantitative easing --- well over 1.5 Trillion dollars already --- is materially larger then the amount of fiscal 'stimulus' spending

Good point, but that's just an additional argument against the idea that we can reasonably assume that the fiscal stimulus was either necessary or more to the point for this discussion was the reason why we have had the recent run up in stock prices.