PS3beats360 said:
Most of the trillion stimulus was spent to prop up banks and nationalise failing businesses. Measures to stimulate aggregate demand would have been better than $1 trillion Corporate welfare. Spending from government and private consumers creates jobs. Corporate bailouts given to banks is hoarded and not spent/invested into the economy to create jobs. Banks and Big Business wins every time: Huge Profits from interest of consumers in the good times and Banks get bailed out during economic downturns/recessions. International banks and Big businesses are too big to fail. |
You know there were two stimulus programs - one passed by Bush & Congress in 2008, and one in 2009, right?
The second one had nothing to do with the banks: http://en.wikipedia.org/wiki/2009_Stimulus
Back from the dead, I'm afraid.







