Quote:
Originally Posted by Sausage
Of course.
Anyone with even a scrap of economic knowledge knows its going to get worse. The US is destined for almost a decade of recession or a depression once this big spendup is finished and the hundreds of projects need more cash injections ... just look at Japan in the early 90's ... they did the same thing and got smashed for it.
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I don't know where you got your information from, but it is well known that the main reason why the Japanese took so long to recover is because they didn't act soon enough. Our economists knew that, and that's why most of them recommended this stimulus package. In fact, many say we should have even used more money than the $782 billion that they used. So we have done the right thing by acting very quickly here. That said, nothing is going to turn this around anytime soon. But preventing a decade long recession was key.