Pubic Realizes – Stimulus Won’t Work

posted by Nima

February 3, 2009 · Posted in Interventionism 

While Congress tries to figure out whether the final solution to the economic crisis needs to cost $800 billion or maybe rather $1.1 trillion, the people have already figured out that it won’t work either way.

A CNNMoney.com poll shows that 77% out of  145,000 readers have realized that the spending spree stimulus “won’t make any difference”:

Stimulus Poll

I would add to this: Not only will it not make a difference, it will make the situation worse than it would have been, had the spending not occurred. I explained this on numerous occasions in articles such as The Trouble With Bureaucracy or The Economics of Corporate Bailouts, or Reflate the Economy? Now?? or Welcome to Krugmanland.

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One Response to “Pubic Realizes – Stimulus Won’t Work”

  1. BMiContent on February 3rd, 2009 12:46 pm

    Story added…

    Your story was featured in BMiContent! Here is the link to vote it up and promote it: http://www.breakthematrix.com/Economy/Pubic-Realizes-Stimulus-Won-t-Work

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