Silly statement. We had the recession anyway. Jobs saved in the...

  1. loric
    2,710 Posts.
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    03/09/11
    12:33
    Post #: 8912965
    Silly statement. We had the recession anyway. Jobs saved in the construction industry were calculated at about $450,000 per job. Been much cheaper to just have paid them off. Debt went from + $22B to - $80B. Inflation went up. Consequently interest rates went up. And to top it all off billions of the money spent was totally wasted.

    Read articles/books on Austrian economic theory. Keynesian theory does not work...EVER. You are welcome to provide examples where it has worked.
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