A small positive, at least there is less loss this month. However, when we do stop the bleeding, I don't think we are going to see an intense rebound next year. I'll bet the growth will be slower than the administration predicts. I don't understand why payroll taxes and corporate tax rates aren't cut as part of a stimulus for all American business. To me, that makes the most sense.
Whoever said we must create things to grow our GDP is correct. We must create an environment where business thrives, albeit fairly. New taxes will further depress the economy and mitigate growth (ie gas tax, cap & trade).
I'm not sure we can say the stimulus has had any real effect vs allowing the economy to recover without the billions we spent in 'stimulus'. We are still pretty deep in the recession, stocks haven't risen much, GM went bankrupt despite giving billions in tax dollars, banks still aren't lending much despite TARP, the dollar has been devalued with the administration printing all this $, and we are on our way to 10% unemployment. The point of the stimulus was to try to reduce the time to recovery and help create an environment for growth as soon as possible. So far, I don't see it. And if it does help, was it worth the amount of tax dollars we spent?
