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Re:TED and inequality: The real story by snowwrestler on Friday May 18, 2012 @01:33AM (#3990479)
In 2001, the U.S. passed a tax cut bill that immediately sent rebate checks out to most households. It produced a modest, short-lived bump in the economy but did not increase sustainable demand or create long-term growth. It certainly didn't prevent the recession after 9/11 or the financial meltdown.

Government-funded spending does spur economic activity--true. However it is merely temporary and is essentially borrowing money from the future to buy fake economic growth today--which is why governments reserve it for truly crisis situations like the ones you list above.

Re:TED and inequality: The real story by nl on Friday May 18, 2012 @02:34AM (#3990626)
Exactly.

My point is that money-in-pockets stimulated demand, not marketing...