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To be fair, the 08 recovery was deliberately hamstrung by the lack of government stimulus. Congress approved basically nothing after the first round of QE. Ho
by newacct583 7y ago
To be fair, the 08 recovery was deliberately hamstrung by the lack of government stimulus. Congress approved basically nothing after the first round of QE. Hopefully we won't repeat the mistake this time.
- pbourke 7y agoI agree that the fiscal stimulus, under the control of Congress, was much less that it should have been. However QE is monetary stimulus under the Fed’s control and as I recall there were several rounds of it, in addition to other programs. Edit: reading your comment again, and I think you mean that Congress didn’t do any further fiscal stimulus after the Fed did QE1, which seems right to me. Leaving my comment up for clarity.