The U.S. Economic Stimulus Plan

Economists disagree on the wisdom of extensive stimulus spending, as well as the particulars of the current U.S. plan. Given the current economic climate, most mainstream economists now say that the potential downsides of collapse are sufficiently grave that large stimulatory expenditures may be necessary. As the global financial and economic crisis has worsened, this viewpoint has gained international popularity. In a December 2008 paper released by the ... Full Story »

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Patricia L'Herrou
3.7
by Patricia L'Herrou - Feb. 10, 2009

there is some new info here particularly regarding debt default and the relationship of the recovery plan to international economies. clearly economic experts disagree on what will or won't work. what isn't mentioned is that this situation derives from an unprecedented in our history 'storm' of factors. that seems to me to indicate that it is almost impossible to forecast anything, but what should any president do then, wait or act. one suggestion of simply to cut government spending seems made to panic the public.

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