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The fiscal stimulus plan: Where is the missing element that solved the Great Depression?

The most sweeping fiscal stimulus in a generation is about to be signed into law by President Obama. It amounts to $787 billion and includes tax incentives, infrastructure projects, renewable energy developments, and payment to state and local authorities.

However, investors appear to be skeptical as indicated by the performance of the markets today for a variety of reasons:

  • Some estimate that as much as 75% of the spending will not reach the economy until 2010.
  • There are questions as to how many jobs in the United States will actually be created.
  • People are uncertain as to how productive the spending bill will be and how much is actually just wasteful "pork."


Continue reading The fiscal stimulus plan: Where is the missing element that solved the Great Depression?

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Last updated: February 13, 2012: 03:11 PM

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