Business and labour leaders demanding a stimulus package from the federal government do so from positions at the head of expected receipts. In a welfare version of "trickle-down" economics, less voluble business and labour non-leaders are obliged to hope for catching a cup from the flow. But if by "stimulus" government investment and spending is indicated, haven't all levels of government been providing increasing doses of stimulus for years now? Arguably the economy is reeling from years of the over-stimulation of inflated expectations that the pseudo-guaranteed benefits and investments of program and spending extravaganzas imply. In effect, stimulus spending is an attempt to blow another bubble beneath a bursting one.
Tuesday, December 16, 2008
Posted by MapMaster on Tuesday, December 16, 2008