The Mudcat Café TM
Thread #118031   Message #2559684
Posted By: pdq
06-Feb-09 - 09:48 PM
Thread Name: BS: Obama Honeymoon lasts 3 days
Subject: RE: BS: Obama Honeymoon lasts 3 days
From my post of "Date: 06 Feb 09 - 03:39 PM":


"In a nutshell, Japan's experience suggests that infrastructure spending, while a blunt instrument, can help revive a developed economy, say many economists and one very important American official: Treasury Secretary Timothy F. Geithner, who was a young financial attaché in Japan during the collapse and subsequent doldrums. One lesson Mr. Geithner has said he took away from that experience is that spending must come in quick, massive doses, and be continued until recovery takes firm root."

This can be translated into "get an enormous amount of money as fast as possible...before the suckers know what hit them".