03-02-2009, 05:14 PM
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Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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Quote:
Originally Posted by Walrus
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.
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Pure Keynesian nonsense 
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