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<p>[QUOTE=&quot;Morgan1878, post: 793330, member: 17869&quot;]Most of the money stolen? Given away as bonuses? A gross generalization at best..you won&#039;t find this conclusion in any <i>reputable</i> analysis. Earmarks by politicians for their districts, yes..money that could have put to better use, agreed..wholesale pilfering..no and no.</p><p><br /></p><p>While it is true that when the government spends, it is not as careful or efficient as say most well-run businesses, it is also true that in the Autumn of 2008, credit markets were freezing up worldwide and quick action needed to be taken. Bernanke, a student of history had studied the depression and his conclusion was that the Great Depression was exacerbated by the <i>lack</i> of stimulus. The U.S. was not the only Central Bank that came to this conclusion..every other Central Bank of any size in most of the developed nations did exactly the same thing; they threw money at the problem.</p><p><br /></p><p>Please note that the economic crisis was in many ways the result of fast and loose capitalism run amuck with overleveraged assets, unrealistic loan practices and more than a few people hooked on greed. While it made good press to spotlight the biggest scoundrels and fat cats, there were also a lot of joe six-packs who joined the fray scheming to get to Treasure Island the easy way.</p><p><br /></p><p>Granted, the actions of the Federal Reserve and Congress were not in any way perfect..but in retrospect I prefer the defective &quot;quick and dirty&quot; stimulus to none at all. The clean-up will take years, if not decades to accomplish, if that is we have the political will to do it.</p><p><br /></p><p>In the meantime, I&#039;ll take that glass of Kool-Aid. It&#039;s a bit watered down..but better than dying of thirst.[/QUOTE]</p><p><br /></p>

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