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Encouraged to continue to spend

Counter to the instincts of many, we were told that we had to continue spending as we had been to regain economic stability.

Given the globalization of labor and the movement of American jobs overseas, how could this have been believed to be a viable, long-term strategy? What would have been the indication that the effects of these stimuli have finally "kicked in" and that we are "back on track"? Given their results, are we better off or worse off? How are we doing now?

Who advised our elected leaders on taking these approaches?

Title - sorted by date Source
Administration
Date
Type
President Hosts Conference on Minority Homeownership White House Archives
Bush
2002-10-15
page
President Bush's News Conference NY Times
Bush
2006-12-20
page
Bush signs stimulus bill; rebate checks expected in May CNN
Bush
2008-02-13
page
'Tax rebate' checks expected to yield short-term benefits, long-term troubles CS Monitor
Bush
2008-04-28
page
He Told Us to Go Shopping. Now the Bill Is Due. Washington Post
Bush
2008-10-05
page
The Reckoning - Bush’s Philosophy Stoked the Mortgage Bonfire NY Times
Bush
2008-12-20
page
`Cash for Clunkers’ Car-Rebate Plan Sells Out in Days NY Times
Obama
2009-07-31
page
Expanded First-Time Home Buyer Tax Credit Becomes Law US News
Obama
2009-11-06
page
Spend, Spend, Spend. It's the American Way NY Times
Obama
2012-01-14
page
Hyper consumption Consumer mindset leaves U.S. and individuals vulnerable Deseret News
Obama
2013-03-19
page


Officer, it is no longer about the economy. It is about honor, justice and human dignity.