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Originally Posted by randallscott35
Kicking the can down the road is not a savior. You take the medicine now or later. And later is worse.
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Perhaps buying more time can allow you to fix some immediate problems. Something needed to be done. The stock market was at 6500 and heading south. The economy was in freefall.
I'm not going to sit here and say that the stimulus "worked" and the economy is suddenly "better". What I will say is that something had to be done pretty fast and doing nothing at the time would have made the situation dire. People, namely investors, needed to know that the US government wasnt going to stand by and let the system break down.
This stimulus wasnt nearly about gettting and spending money. It was about restoring some confidence.
03-07-2010, 10:38 AM
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