No. It’s not about us. It’s all about them. The fat cats will get fatter. Us poor folk will stay poor.

No.

The stimulus is equivalent to the printing press. Creating money does not create wealth. Lowering interest rates was what got us into the bubble that was created, and now we’re suffering the consequences of it. The government is already lending to banks at a 0 percent interest rate. That doesn’t mean banks will lend to you at lower rates, because they’re borrowing to recapitalize. They need to recapitalize because they called unreasonably anticipated money ‘assets’ on their balance sheets.

Borrowing and spending is the formula we’ve used for the last two decades, resulting in a major recession, and the potential collapse of the US dollar. Borrowing and spending, therefore, is not the solution. We need this recession to be over quick, so let the prices fall naturally, let lending contract severely, let people adjust their lifestyles to be more sustainable, and then we can move on with a healthy economy.