July 7, 2009

Adviser say US should plan 2nd stimulus

Adviser says U.S. should plan 2nd stimulus: report - MarketWatch: "Adviser says U.S. should plan 2nd stimulus: report"

I think the U.S. needs to allow enough time for the 1st stimulus to work its way through....there is no need for another stimulus. There is no quick fix to the situation - just leave the economy alone and in time it will fix itself. We have a floor in place, thanks to the first stimulus, so things aren't as bad as they could be...however, if we keep trying to rush things before we assess exactly the effects of the current stimulus has or will have on the economy, we could actually do more harm than good. For instance, we still have to cross the bridge of inflation caused by all of the spending being done by the government - I don't like the thought of increased taxes and my savings and 401k plan being eroded so quickly!

Get out the way government and politicians - just let the economy be. You've done your part, and you've done a great job...but now, let the private sector take it from here.

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