Posted by kurt at 6:45pm Jan 10 '09I have prescribed to this, because going half-assed towards a major stimulus plan will do nothing. Either go balls to the wall, all out and hope to have an impact, or do nothing and let the automated economic adjusters run their course and the economic retraction will run it's course and things will turn around. Public (media-induced) panic coupled with a high expectation for the new president isn't allowing the "do nothing" to really be a feasible option for Obama. So he is going balls to the wall.
Check out this NY Times Op-Ed titled The Confidence Surplus. It's a very good piece on this subject we are discussing. How we have dealt with things in the past, what works, what doesn't, and why the US is going down this path today.
I am not qualified to place my support in one area or the other or suggest how best to approach this, but it is interesting economic times, that is without question.
Check out this NY Times Op-Ed titled The Confidence Surplus. It's a very good piece on this subject we are discussing. How we have dealt with things in the past, what works, what doesn't, and why the US is going down this path today.
I am not qualified to place my support in one area or the other or suggest how best to approach this, but it is interesting economic times, that is without question.
Go Big or Go Home - kurt