Quote:
Originally Posted by crazy_eoj
Yes, this is obviously the case. As we can see, the USA clearly avoided a large recession by using the most massive direct government stimulation of the economy in western history. Now they have a debt load they will be paying off for a generation but at least the economy is roaring. /greentext
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Are you saying that the government should not have had a bail out package? Because while I can agree in part, from everything I have read it sounds like it was required in order to keep the wheels from completely falling off the cart. It was needed in order to keep money moving in the financial system and to avoid a complete collapse of the economy. That being said I think neither you nor I have the expert knowledge to make any insightful comment on the necessity of the bailout package in the states.
Plus the US was never going to pay down their debt, their economy has been built on credit since the 1950s.