The truth of the matter of is that stimulus money not only doesn't stimulate; it actually reduces output.
Sentiment: NEGATIVE
What do you think a stimulus is? It's spending - that's the whole point! Seriously.
I'm not sure it's the stimulus money that will necessarily allow the economy to recover. It will help to fortify our budgets, frankly, to ensure that there isn't as much backsliding in the areas of education and healthcare, for example.
Some stimulus is not a bad thing.
Well, the infrastructure part of the stimulus has worked. There's absolutely no question about it. We can demonstrate in Pennsylvania and other states around the union how it's produced good, paying jobs both on the construction sites and back in American factories. It has worked.
Stimulus does not work.
Real economic stimulus comes from real investment.
Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages.
Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work.
I think stimulus money is an absolute mistake.
We have to remember we're in a global economy. The purpose of fiscal stimulus is not simply to sustain activity in our national economies, but to help the global economy as well, and that's why it's so critical that measures in those packages avoid anything that smacks of protectionism.
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