Monday, August 16, 2010

What $1 Trillion Will Buy

From the Washington Post, details on the various 'stimulus' packages:

Click to Enlarge

The tragedy is that everything in red was a waste of funds. They do almost no stimulus, but that's what the Republicans demanded.

It ends up the US needed something between $1.5 and $2 trillion in real stimulus (not fake 'stimulus' tax cuts) to get a recovery with legs. This was not done. The US is now a year into a 'lost decade' of high unemployment and 'growth' that is anemic.

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