Only an idiot thinks that ANY deficit speding by the overarching government is NOT stimulus; the problem at hand is WHAT stimulus and how how is it directed?
Charlie Rose interviewed Warren Buffet the other day; his responses are interesting.
OBTW: Buffet is advocating increased tax for those making > $million.
This isn’t a business cycle over production recession to stimulate.
It is a credit bubble bursting recession that can’t be stimulated with more borrowing.
Debt problems are not fixed with more debt.
Borrowing is borrowing from the future. We’ve been borrowing from the future too long and the future has arrived.