Kasz216 said:
That's a weird statement considering the Euro debt crisis... and europe following through with what would be considered an "Ultra Conservative economics plan that could only be devised by someone from the Teaparty." Austerity in europe right now is being held up as a proof that the stimulus was right, and that Europes right wing economic policies are why it hasn't recovered. (Ignoring of course, that at the same time, things were still going way downhill with the implentation of the stimulus... despite the fact that government spending is one of the metrics used to figure out the all important GDP.) |
I don't follow your logic ...
The European debt crisis is caused by governments facing the consequences of out of control deficit spending, how does this demonstrate that out of control deficit spending was the right course of action?
Realistically, all the stimulus did was change the timeline of the eventual default in the USA from sometime between 2020 and 2030 based on Bush's moronic economic policies and move it forward to 2015 to 2020 based on Obama's even worse economic policies.







