I am not sure it matters what anybody thinks. It is what it is.
What I don't understand is why major infrastructure work like in the 1930's has not already begun to get people back to work. Projects like the Hoover Dam and Golden Gate Bridge employed plenty of individuals.
The government already supposed injected billions of stimulus dollars into the economy but it seems that most of it went to banks. Maybe I am being simplistic here, but if you are going to be printing the money anyway, why not use it to buy materials and get moving with some job creation?
what I don't understand is why there haven't been major tax cuts for small businesses to give them certainty and more incentive to grow and create more jobs. Small businesses employ and have employed plenty of people. And they'll employ millions more.
Maybe I'm being simplistic here but if you are going to be printing money anyway, why not use it to make up for temporary shortages in tax revenue while you give small businesses more cash flow to prosper, grow and ultimately hire more people?
I think it would be great if we could debate the economy not on the basis of "commonly known" or presumed but on the basis of provable facts with sources. I'll start, US deficit for 2009 (last budget made by...