political foo: What's the best way to apply stimulus?

[alpharaposa]

The role of government in economic recovery.

Interesting to see the argument that deficit spending sometimes works and sometimes doesn't - depending on other factors.

Comments

[collinsmom.livejournal.com]

You know, if the government stayed out of trying to fix the economy it would go downhill. This is an adjustment from economics going up too fast and the stock market reflecting that by going up too fast also. If we looked at this like an adjustment in the economy then take the right action on the adjustment (like reducing the minimum wage requirements)the economy would eventually even out and would start to grow again.

Unfortunately, to wait would hurt a lot of people economically (look at all the recent lay-offs). We do not want to wait. Eventually they would find jobs but at a lower pay scale. (I personally have gone through this and have learned to take what comes.)

I know I am sounding ambivalent. I think the current problem is that too many people have gotten greedy and took what they could without looking at the consequences. So now there are a lot of people hurting. I have said before that would happen. There will be more people hurt before this ends. No matter what the new president and congress does, there will be an adjustment. I am not sure that his policies will help or hinder. I can only wait and see.