> and we had Quantitative Easing where the Fed bought treasuries for a few years after 2008. And, in fact, the current Fed chair just lowered interest rates on

> and we had Quantitative Easing where the Fed bought treasuries for a few years after 2008. And, in fact, the current Fed chair just lowered interest rates on recession fears. Not to necessarily disagree with your first points, but these latter two examples are "monetary policy" which is supposed to be independent of political processes and distinguishable from "fiscal policy" which is the spending of the US govt and necessarily political.