For The Record–Obama Did Too Little Stimulus, Not Too Much

It seems like governments are being run by people who are too optimistic about the future.  We have one in Coral Gables, and, no doubt, one in Washington that has led into a very slow recovery.  No one talks about the 20 unemployed/underemployed.  Sad, but true.

By fall 2009 it was obvious that the pessimists — those who warned that the aftermath of the financial crisis would be a prolonged period of high unemployment, not the V-shaped recession and recovery envisioned in the original stimulus plan — had been right. The case for doing more — and at least for demanding more action, so that the other party could at least be accused of obstructionism — was overwhelming.

via The Fatal Pivot –

About Stephen E. McGaughey
Resident of the City of Coral Gables

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: