On 04 Feb 2009, at 19:03, Patrick Coskren wrote:
> The stimulus bill is about attempting to jumpstart an economy in which
> there is far more unused supply than demand, because of high
> unemployment and (justified) fear: people either don't have money or
> won't spend it. The idea, I think, is to artificially raise demand by
> pumping money into the economy. Hence the emphasis on projects that
> create jobs, like repairing roads, building trains, renovating
> government buildings, funding research, etc. etc. Because it's
> deficit spending, it's money out of thin air, and that'll probably
> cause inflation and other problems, but the idea is that those
> problems will be easier to deal with than a dead economy and massive
> unemployment.
That's definitely the idea. Plus it is spending that really needs to
happen. We've probably spent more on rebuilding Iraq's infrastructure
in the last 8 years than we've spent at home in the last 20.
Dave
--
"The proper office of a friend is to side with you when you are in
the wrong. Nearly anybody will side with you when you are in the right."
- Mark Twain
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