[quote=killersheep;688082][quote=Lyle;688066]
Quote Originally Posted by Kirkland Laing View Post

How about we make a wager then, lets say 3rd quarter statistics show an improvemement of at least 1% in GDP and unemployment declines by at least 2%...........................
I wouldn't go making bets like that. All the stimulus will do id slow the rate of economic contraction/unemployment down a little. It'll be a success if the country doesn't tip into significant deflation, that's the measuring stick. In a couple of years if it's successful (no sure thing) conservatives will be telling us what a failure it was, unemployment kept rising/GDP kept falling etc.

The economy is projected to contract about a trillion a year this year, next year and year after that. An $800 trillion stimulus even if it's respent 1.5 times as is hoped isn't going to plug half that hole, and then there are other factors which will also fuck up gdp/employment too to factor in. Plus about 40% of the stimulus is tax cuts which is wasted money. maybe only 25% of them will be spent, the rest saved.