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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (112797)	4/24/2012 9:12:30 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Stimulus borrows from the future to pay for today. Nothing more and nothing less. The outcome of stimulus is almost always the same. It lowers the long term growth rate of a country and in exchange you hope to decrease the depth of the down cycles. Americans have historically preferred a higher growth rate with a little bit more of a roller coaster ride. However, it seems we are now preferring the European model of massive safety nets and low growth. That's too bad. It will lower our overall standard of living in the long run.