There should have been a short wave of spending but not too much just a little more than there was.
:roll:
There WAS, it was called " Stimulus " and it didn't work as fiscal stimulus never does.
Stimulus routes private sector capital into public sector investments or into investments like Obama's green jobs initiative where that capital is wasted
Its a purely ideological solution pushed by people who are generally opposed to any solution that would incentivize more private sector Capital investment in our economy
People who have no clue how to effectively and safely grow market economies. Progressives.
Obama's green jobs initiative was a great example of the type of malinvestment thats paid for with " stimulus "
He was going to fund the construction of a manufacturing base that built products that no one wanted and that could have been manufactured in China for a fraction of the cost.
Private sector investors weren't the principle investors in that scam because no one in their right mind would have risked their wealth building a product that could be have OBVIOUSLY been built in China cheaper
They wouldn't have risked their capital investing in a product no one wanted
It was obvious to any investor that operated outside the fantasy world Obama and his ilk lived in but it wasn't obvious to Barrack Obama and why should it be ?
He had never run a business in his life but he was intrusted to invest billions of tax payer dollars.
What did the American tax payer recieve for their investment? A bunch of 5th amendment pleas from corrupt chroney capitalist
Stimulus has a LONG track record of failure.
The Japanese in the early 90's stuck to the Keynesian fiscal playbook by the letter and over the next 10 years spent 100 Trillion yen via 10 seperate stimulus packages and invested heavily on infrastructure.
Recently under Shizo Abe's fiscal and monetary initiatives ( Abenomics ) they entered into 4 more Fiscal stimulus initiatives.
Today Japan's NIKKEI is half of what it was in 1995 and their GDP is almost identical
Whats NOT identical is their debt which is 245 % of their GDP. The highest in the world.
I get Stimulus is the go to cure all from the left, its Bernie Sanders plan to fix our economy but its not a intelligent strategy to allow people who fundamentally oppose on principle free market solutions to affect economic policy in the American economy
They have no idea what they're doing and we, the American consumer, the Middle Class are the ones who suffer the consequences