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


To: Katelew who wrote (129425)1/27/2010 2:19:19 PM
From: Mary Cluney  Read Replies (1) | Respond to of 542059
 
<<<In this case, I think the fact that this recession was over before much of the stimulus money even got into the economy is worth noting.>>>

That depends a lot on your defition of "recession". For the nearly 20 milion people looking for full time employment and all those that are so discouraged that they haved even stopped looking for work, to them, this is a depression.

IMO all the tools in the fiscal and monetary toolbag should be employed to alleviate the sufferings of a very large number of people.



To: Katelew who wrote (129425)1/28/2010 12:30:57 AM
From: Cogito  Read Replies (1) | Respond to of 542059
 
>>No, no...what I said was "stimulus". I don't recall the government coming up with a broad based "stimulus package", allocating a block of money, and then looking for ways to spend it.<<

Ah, yes. Fair enough. That's what I get for responding to something I had seen in another post earlier on. Though I do remember such stimuli. GWB passed a stimulus package in 2008. It involved mailing tax rebate checks to millions of people around the country.

Are you counting that as part of the reaction to this same recession since it occurred after 2007?