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billybobsky
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I am worthless beyond hope.
 
Join Date: May 2004
Location: Inner Swabia. If you have to ask twice, don't.
 
2009-02-05, 22:26

Tax cuts are certainly less bang for the same buck. The fact that they have to be temporary since we are in massive debt (and our taxes are hence too low for our expenditures and interest already) only makes this all the more clear.

Infrastructure projects make the most sense, but it seems that those have been pushed aside by an attempt to hit virtually every sector.

I have reason to believe that we may need a third stimulus, even if this trillion dollar one passes.

It has not escaped my notice that people who railed against the bailout aren't lining up against this measure... lessons learned, perhaps? or do they just trust the new administration more?

One worrying feature: China is beginning to import more than it exports (hence becoming a debtor nation).... When there are no economies left to borrow from, what the hell happens to the world economy? I think we may be on the verge of finding out...
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