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Long view
RE: Economics: What happen if every US citizen spent $5000 at the same time?

runn wrote:

I know ZILCH about economics, but what if Bush's and Obama's stimulus plans were to give money to Americans to spend (hopefully on American made products) or even to get out of debt- instead of giving it to big business.


You also seem to know ZILCH about how the stimulus is being spent. Note: stimulus does not equal the TARP spending which was used to support financial instituions, etc. -- which has essentially been paid back.

The $317B stimulus bill (excluding the tax cuts) was primarily spent on improving infrastructure for highways, transit, education, energy, agriculture, military operations, and telecommunications. A portion was also spent on stabilizing state governments, paying for the 2010 census, and scientific research.

We have have done a horrendous job of maintaining and evolving our national infrastructure since 1980. The stimulus spending began to address those failings while also adressing(but not coming anywhere close)the decline in demand created by lowered consumer consumption.

I suppose we could have given each person in the country $1K instead(essentially what Bush did with tax credits in the past) but instead Obama spent it on infrastructure improvement. Which is better long-term?

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