# Do you "get" the recovery plan?

**URL:** <https://boards.straightdope.com/t/do-you-get-the-recovery-plan/490743>\
**Category:** In My Humble Opinion\
**Created:** [March 25, 2009, 3:30pm UTC](https://boards.straightdope.com/t/do-you-get-the-recovery-plan/490743 "2009-03-25T15:30:40Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Kalhoun](https://avatars.discourse-cdn.com/v4/letter/k/3bc359/32.png) [@Kalhoun](https://boards.straightdope.com/u/Kalhoun)\
**Post date:** [March 25, 2009, 3:30pm UTC](https://boards.straightdope.com/t/do-you-get-the-recovery-plan/490743/1 "2009-03-25T15:30:40Z")

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I do, inasmuch as I have no knowledge of economics. The idea behind it makes sense to me and I haven’t heard a better plan from The Other Side ™. My husband has no faith in the proposed solution.

Just wondering what the general vibe is in these parts. Do you think it’s the right route out of this mess?

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**Author:** ![Caldazar](https://avatars.discourse-cdn.com/v4/letter/c/8e8cbc/32.png) [@Caldazar](https://boards.straightdope.com/u/Caldazar)\
**Post date:** [March 25, 2009, 5:18pm UTC](https://boards.straightdope.com/t/do-you-get-the-recovery-plan/490743/2 "2009-03-25T17:18:17Z")

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I have mixed feelings about the current iteration of the plan.

Regarding federal spending, the rhetoric sounds good; spend money on things that will contribute to long-term steady growth (education, health care, energy, etc…) while creating/saving jobs in the near term. We’ll have to see how the implementation goes. I’m a bit alarmed at the proposed budget projections, though. The budget is projecting full employment sometime in 2013-2014, and yet deficits are planned all the way through at least 2019. I would hope that as we return to financial health, we would begin thinking about balancing the budget at a minimum, and ideally at least consider paying down a bit of the national debt.

I don’t have faith in the current financial stability plans at all. It feels like it deals with credit markets/lending and assumes we have a liquidity crisis. We probably do have liquidity issues, but we also have solvency issues. Debt/liabilities burdens are too high in my opinion, and I don’t feel this is being properly recognized and addressed at present.

Regulatory reform… well, it’s a bit early to start talking about fire prevention when the fire is still burning (to borrow Bernanke’s metaphor).

I think the Federal Reserve has been taking appropriate and necessary (albeit potentially risky) action.

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**Author:** ![AngelSoft](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/angelsoft/32/440_2.png) [@AngelSoft](https://boards.straightdope.com/u/AngelSoft)\
**Post date:** [March 25, 2009, 5:28pm UTC](https://boards.straightdope.com/t/do-you-get-the-recovery-plan/490743/3 "2009-03-25T17:28:36Z")

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I honestly have almost no clue what’s going on with it. And I try to keep myself at least somewhat informed. I do know, however, that many many people are expecting a check in the mail like we got last year. And from what I’ve read that’s not going to happen.