The War Against the Producers -- Pajamas MediaStimulus, stimulus and not a drop…
A “stimulus” of nearly a trillion dollars was proposed, without which we were told, unemployment would skyrocket and credit would tighten further. Six months later — unemployment having risen even higher than the administration’s forecast of what would have been the case had their stimulus package not been implemented — now the same proponents of massive borrowing demand a second stimulus to accomplish what the first ’successful’ borrowing apparently did not. If you fail, then try the same thing to fail even bigger the second time — while calling for more success to follow the earlier success?
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My Comment: Could not have said it any better.
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