Do you think that the economic stimulus the government has spent billions of dollars on has saved the U.S. from a depression?

If you're referring to a depression as defined by several years of falling GDP, then yes, technically a depression has been averted. Thanks to programs like the American Reinvestment and Recovery Act and the popular Cash for Clunkers, the national gross domestic product has not declined consistently enough for this recession to become a depression. However, in terms of real economic stress, the average U.S. citizen would probably disagree.

If you're referring to a depression as defined by several years of falling GDP, then yes, technically a depression has been averted. Thanks to programs like the American Reinvestment and Recovery Act and the popular Cash for Clunkers, the national gross domestic product has not declined consistently enough for this recession to become a depression. However, in terms of real economic stress, the average U.S. citizen would probably disagree.

You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question. It didn't save us, but can you imagine what the situation would be like if they haven't spent that money?

It didn't save us, but can you imagine what the situation would be like if they haven't spent that money? You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.

You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.