It just feels that way.
Bernanke’s idea
US Federal Reserve chairman Ben Bernanke told Congress today that more government spending may be needed to tackle economic weakness. Statistically speaking, apparently the overall economy isn't all that bad, apparently. At least he thinks that we can spend our way out of it.
Congress’ duty.
An economic stimulus may be a good idea, but if it’s going to do any good, it needs to be better thought out than the last one. Most of the general public who received stimulus checks earlier this year used the money for necessities or to make debt payments. While there was a minor surge in spending, it didn't help the economy.
If Congress moves forward with a new stimulus package, it needs to do so promptly. The last go-around was too little, too late.
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