Quote:
Originally Posted by Slava
goes through and points to Canada as one of the countries that got it right in the financial crisis while deriding Keynes. Hilarious! Canadas response was Keynesian, like it or not.
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Did our stimulus spending help any?
Fact is our banking structure was a lot more 'properly' regulated and stable, and we didn't need to spend billions upon billions bailing out AIG like the US had too.
There is no doubt that the government spending money on infrastructure, tax cuts, job creation, etc, etc will help the economy, but was it really necessary? Tough to say either way.
Point still is that Canada pulled through the recession so well because of work done by Martin and his people in the 90s. The US not so much.
So was the stimulus needed? Is more stimulus needed? Tough to say.
Personally I think the US has ignored their 'problem' so long that in order to fix certain things they will have to go without for a while.