A Wall Street sign in New York City's financial district.
I think Felix got it right when he indicated that most people don't understand the difference between the stimulous and the TARP, or any of the other programs aimed at preventing a complete economic meltdown. He lost me when he seemed to deem the stimulous as a failure because it has yet to produce job growth. I wish some Harvard economy professors would produce computer models of what would have happened if the government would have stepped back and let free market forces run their course. I may not be the worlds biggest economic expert, but I'm guessing that without the stimulous we wold be at 15-20 percent unemployment. Without the stimulous, TARP, and Fed monitory policies, we would be looking back on the Great Depression as a simpler happier time! I believe that history will be very kind to Paulson, Bernanke, and Obama.
Good interview. Small businesses are the key for recovery. I agree w him.
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