Occam Bandage
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Mon Feb-09-09 01:00 PM
Response to Original message |
| 1. Strike "is the fact that," replace with "is my baseless opinion that" - ed. |
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Recovery requires more productive (that is to say, production-encouraging) spending in the economy. This can be accomplished through several means. The bill has provisions encouraging people to spend by offering tax incentives, and has significant spending by the government. While the government is a rather inefficient spender, when consumer confidence crashes to the point where people are unwilling to spend any money whatsoever, then the government must act as a spender of last resort, as it did to an extent during the New Deal and to an even greater extent during World War II.
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