Quote:
Originally Posted by aceventura3
Is it your view that the stimulus saved us from the "brink"? Do you think the stumulus is all the needs to be done? Is simply spending nearly a trillion dollars the answer to future recessions? Do you have concerns of a "double dip", if not why not?
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There should be a government economics course at college. The rules that apply to governments aren't the same as companies or individuals.
1. The banks have been stabilized. If they had not been stabilized, it would take years for the smaller banks to grow to the size required and offer decent rates.
2. A lot of that money has been paid back or may not need to be spent. Recovery.gov is a good concept, but they need to whip up a simple TV show to explain it to people like me.
3. Some calculated 'unknown to me' amount gets paid right back to the government in taxes. I pay about 40-50% in taxes once everything gets added in I believe. And then the money I give to other people gets taxed, and the cycle repeats.
4. The psychological impact on the stock market here and around the world was positive. The stock market can cascade and snowball down fast now that a lot of trades are based on mathematical models by large institutional investors.
I'm not saying that there aren't problems with printing money out of thin air or funding projects that may not of been done (or should not have been done), but I feel that the economy is healthier now than a year ago.