Monday, March 9, 2009

Stimulus disappointment


if we want stimulus funds spent, they should go to people in temporary economic difficulty who are likely to be liquidity-constrained. But it appears that most of the measures that would do that — benefits to the unemployed, food stamps, aid to state and local governments — are being bargained away. Even the tax credit is apparently not fully refundable, so those who need it most, and are most likely to spend it, won’t get the full amount. i understand this statment but i also feel that something is better than nothing. in this field thats when greed comes into play and we all know what happens when people get greedy, we lose everything.

picture provided by flickr

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