News for hackers. Stuff that matters.
Re:Warren Buffett: 2nd Stimulus Needed, Expects Longer Reces... by jonknee on Thursday July 09, 2009 @02:19PM (#696392)
I think the idea is that everyone is nervous right now and not spending (which means business is down which means layoffs happen which means people get more nervous and spend even less), so by starting off spending the gov't is trying to restart the engine. No one wants to jump off the diving board first so to speak. I'm not an economist though, so I'm sure it's a huge over simplification.

There are no comments on this comment yet.