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Thread: Stimulus Plan
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02-02-2009, 01:44 AM #8
- Join Date
- Dec 2008
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- Worcester, Massachusetts
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Not sure I understand what you are saying. I heard a conservative economist the other night say that there are $65 trillion in total assets out there. Out of that $65 trillion, only $5 trillion are "bad" and it would take 24 months for those bad assets to work through the economy. He said all these bailouts and stimulus packages would just prolong things and cause serious inflation down the road. It sort of made sense to me because I lived through the inflation of the 70's and early 80's and that was caused by government spending money it didn't have. The same thing is happening now. So, to me, those that are offering "answers" in the way of "stimulus" disguised as pork are really offering more problems, not answers.