We're in a recession? When did this happen? The NBER hasn't said anything, and the definition that most economists use includes two consecutive quarters where GDP does not grow. The GDP for last quarter grew by 0.6%. The GDP hasn't been released for the quarter that just ended, and won't be until May.
I think the stimulus plan will work for the most part, but the end result will be higher inflation than what we are experiencing now. The economy, like always, will balance itself out sometime.
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