Double Dip Recession – Part IV…
Double dip recession – part VI – basic economics lesson. Giving money (back) to the private sector via tax breaks and letting them decide how and where to spend it is how wealth is generated, jobs are created and recoveries occur.
Instead, we tried what the Japanese did in the nineties, and pissed away a couple trillion dollars in record time. And like the Japanese discovered, government “stimulus” does not work in the long run. Give people their hard-earned cash and let them make the decision how the money should be spent.
For more bad news, check out this video from Yahoo (which is no right-wing site by any measure):