A wasteful but necessary stimulus

A fiscal stimulus for the US economy - either tax cuts or increased spending - would very probably be wasteful, late and have no impact on the US downturn. But it would still be a good idea. It would act as an insurance policy against a protracted and severe downturn that continued into late 2008 or 2009 and against the chance that Federal Reserve monetary policy is limited in its ability to ...
From: news.yahoo.com