Politics in the Stimulus
by FinanceCookies - February 13th, 2009.Filed under: Economy and Government. Tagged as: depression, economy, recession, stimulus plan.
So it appears to me that we are perpetuating the problems that we already have. The big word in America is that President Obama has finally passed his revised stimulus plan through congress. I will not pretend that I was very excited by the prospect.
You know that I have already written on how the package is a bad idea, because the money comes from the people so paying other people to give it back to the people is just a bad financial plan. I am betting that you have noticed that I am not the only who feels negatively about the stimulus.
If you read through political magazines and the newspapers you will soon notice that the majority of the trend agrees with me. The stimulus won’t work.
The idea is that we need to stimulate our economy so that the people can live easier. Often, the years of America under FDR, during the Great Depression are compared to what we are going through. First of all this is not how it America was saved.
If not for WWII the economic collapse would have lasted significantly longer. One could argue that the money spent to stimulate the economy gave the people confidence, but our confidence now is not so shattered that we can compare, even remotely, to that Depression.
History is not going to speak perfectly to our need now. To be continued…