ALL IT DID WAS STIMULATE SALES OF CHINESE MADE WIDE SCREEN TELEVISIONS...!
THE US ECONOMY IS STRUCTURALLY DAMAGED... OK?
IT HAS A HOLE IN THE BOTTOM ...ITS CALLED THE TRADE DEFICIT...
AND THAT TRADE DEFICIT IS SERIOUS AND STRUCTURAL...ITS LIKE A BLOW OUT IN A TIRE...NOT A "SLOW LEAK"...
STIMULUS TODAY IN AMERICA .... IS LIKE TYING TO INFLATE A TIRE WITH A MASSIVE BLOW OUT...NOT A SLOW LEAK...WHICH IS WHAT KEYNES HAD IN MIND WITH HE WROTE ABOUT STIMULUS AS A WAY TO CURE RECESSIONS...
THAT'S WHY THE STIMULUS "DIDN'T WORK" ....EXCEPT TO DELAY THE INEVITABLE COLLAPSE OF THE MARKETS AND THE LOCAL GOVERNMENTS...
