This recession is now the longest since WWII with 4 straight quarters of shrinking GDP. How bad would it have been with no stimulus and no action to stop it? See LINK:

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Without reading the link the first stimulus that was to add home owners only aided banks we need no more stimulus we need the market correction to move on in or Bang Boom economy.

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The stimulus was to aid banks to get money circulating again.
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by bolwerk on July 31st, 2009
It didn't work and I was under the impression it was to help home owners which it did not.
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by The Wraith of God is Coming on July 31st, 2009
It did sort of work. Banks are lending again, which is economically a good sign, and that's partly why the housing market has been "improving" again. But some things just won't be cured by anything but slow, painful recovery.
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by bolwerk on July 31st, 2009
Ok not new loans but for the people that were in trouble the entire TARP thing was a trap, it was to help trouble home owners not sell to new home owners.
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by The Wraith of God is Coming on July 31st, 2009
Also what is wrong with COAT?
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by The Wraith of God is Coming on July 31st, 2009
The first bailout was to keep the major banks from failing as they did back at the start of the great depression. It did work to prevent that. That money is now being repaid with interest. I'd call that a success.
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by Jim in a Nautilus COAT on July 31st, 2009
We could have let the banks fail now all we have is failed banks that are still in Business. This is not the American way try being late on your student loans you'll find out what hell is, why give banks a break.
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by The Wraith of God is Coming on August 3rd, 2009
The Great Depression put 25% of all households in America out of work. No income. No unemployment insurance. It took 15 years to finally claw our way back and a World War was triggered byb the economic stress it produced on the planet. In the end, in today's terms, it costs 3.8 trillion dollars just for WWII and many trillions more due to lost productivity and the WPA.

I agree we need to trim back banks so none are any longer too big to fail. I decidedly do not agree that letting another Great Depression occur would have been a good course of action.
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by Jim in a Nautilus COAT on August 3rd, 2009
Ok were half way there.
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by The Wraith of God is Coming on August 4th, 2009

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This recession is now the longest since WWII with 4 straight quarters of shrinking GDP. How bad would it have been with no stimulus and no action to stop it? See LINK:

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This recession is now the longest since WWII with 4 straight quarters of shrinking GDP. How bad would it have been with no stimulus and no action to stop it? See LINK:

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