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To: rb22982

Yes, but the massive spending did not begin until October.


62 posted on 01/01/2009 12:20:44 PM PST by Brilliant
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To: Brilliant

The money the gov’t spent is going into banks balance sheets so they somewhat stabalize. They are not lending money (ie that money is not circulating into the economy). Velocity of money is dropping drastically. Nothing is being spent that will help GDP.


64 posted on 01/01/2009 12:23:21 PM PST by rb22982
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