But, at the same time, I think that there is room for economic stimulus in terms of accelerated depreciation to encourage businesses to invest and to grow and ultimately to hire more people again.
Sentiment: NEGATIVE
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.
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.
Real economic stimulus comes from real investment.
The truth of the matter of is that stimulus money not only doesn't stimulate; it actually reduces output.
And taking more money out of the private economy and having the government perform as it has poorly done with the stimulus I don't think is the right way to go.
I think stimulus money is an absolute mistake.
The stimulus legislation, technically known as the American Recovery and Reinvestment Act of 2009, was a mixture of tax cuts for families and businesses; increased transfer payments, like unemployment insurance; and increased direct government spending, like infrastructure investment.
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.
Surely, the best and most effective measure is to get the economy moving and shorten the period of recession or slowdown. That's the rationale for Gordon Brown's 'fiscal stimulus' and it sounds like a good one to me.
What do you think a stimulus is? It's spending - that's the whole point! Seriously.