Showing posts with label Economic Stimulus TARP Marketwatch. Show all posts
Showing posts with label Economic Stimulus TARP Marketwatch. Show all posts

8/25/10

Two dangerous Myths About the Economic Stimulus Package

PHILADELPHIA - MAY 8:  Economic stimulus check...Image by Getty Images via @daylife Here's a good read about the stimulus.

By Rex Nutting, MarketWatch

Commentary: We'd be in a much deeper hole without government's help

WASHINGTON (MarketWatch) -- We are in danger of making a dangerous U-turn on economic policy because our judgment is clouded by common misconceptions about the government's stimulus programs.

In some cases, Republican leaders have deliberately distorted some of these programs to spread doubts about the Democrats' policies. In other cases, urban myths have sprouted up without anyone deliberately fertilizing them.

Here are two of the worst misconceptions.

Myth 1: TARP and the stimulus are the same thing