NONBIASED no politics. economists view of what the billion dollar stimulus...

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ANONY1

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...package will do in the ST and LT? I would rather have this more educational than something that says oh well obama is an idiot blah blah this and blah blah that. st and lt are well short term and long term. Is there any such bills that have been passed in the past that is similar to this one? in what it can do to help or hurt our economy?
 
It will bring our debt to about $12 trillion; but will not help the economy very much. Here is why.

Banks are not lending money, people are not spending money, and most people do not know if they will have a job in 4-6 months. That means the economy is spiraling down into a depression and no stimulus package will stop that cycle.

Some say we got into this because of Bush's policies of Big government spending and free money from the government.
This stimulus package is the same thing, but on a much larger scale.

The only real solutiuon is people spending more and the banks lending again.
 
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