Wednesday, October 17, 2012

On the Ridiculous Claim that the Stimulus Package Prevented Another Great Depression

According to the National Bureau of Economic Research, the recession officially started in December of 2007 and officially ended in June of 2009. By that time, only about 60 billion of the 831 billion dollars in stimulus money had been spent. And, yes, WE ARE LED TO BELIEVE that, if not for this 60 billion in government spending, unemployment would have literally gone to 20-25% (numbers commensurate with the first Great Depression). Yeah................................................................................................Look, I've admitted it on many occasions that the right has engaged in a lot of fuzzy thinking over the years. But, if after reading this, you still don't think that the left has, too, then, man, I seriously don't know what to tell you here.

1 comment:

dmarks said...

I know it killed a local pizza joint.