First Read This
Sad part is, That little weasel Reich might be right. But no one is going to like the results. Bushie left Obama a huge s*%$ sandwich and I hope that the poor sap doesn't choke on it.
If the guv'mint starts this kinda spending, the end result will be high inflation if it works (I can live with that) or hyperinflation if it doesn't (which would really suck). Doing nothing would mean a deflationary cycle like the depression and that would really suck.
So, unless I am completely off-base (which happens more frequently than I care to admit), what we are looking at is cranking up the printing presses and hoping for the best. It gives us a chance of getting through this time of suckage without an incredible amount of damage. It might not work and things will really suck, but if it isn't tried, things will really suck anyway.
Kind of reminds of the scene in Butch Cassidy and the Sundance Kid when they were running from the law. The two of them were on a ledge above a raging river and Redford's character (Sundance) wanted to go back and fight rather than jump. When Newman asked why, Sundance said "Because I don't know how to swim". Newman's character (Butch Cassidy) just said "You crazy, the fall will probably kill ya."