Just as a matter of mechanics, the first wave takes time to wash over even if all hands are on deck and working diligently.
In this instance, Congress worked pretty fast, IMO.
On Fri, Mar 13, 2009 at 6:41 AM, SA <s11131978 at gmail.com> wrote:
> Doug Henwood wrote:
>
>> Don't want to defend these jackasses too much, but the money hasn't really
>> started flowing yet. It's a little premature to talk about a second
>> stimulus.
>
> Is it? You mean the first one might have been too much? We're at risk of
> having a rapid burst of inflationary growth? Better to err on the side of
> depression?
>
> Congress works slowly. If a second stimulus does prove necessary, there will
> be more difficulty and delay getting it passed because of the "no mas"
> attitude now. (Instead of a "we stand ready" attitude.) I like Ron Wyden's
> comment: "How would we pay for it?" The attitude isn't "let's wait and see,"
> it's "jeez, that was too 'expensive.'"
>
> SA
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