> Just as a reminder to those out there, the strategy of recent administrations for crises like this was to cut federal spending
Which recent administration cut federal spending?
Which recent administration cut federal spending?
...and I don't have anything against cutting spending. In fact, actually think Reagan did the right thing in using this tool as well as deregulation to end stagflation. But it seems like cutting & spending should be based on the situation and for 2008, spending seemed the right course of action.
Rubinomics under Clinton was lower interest rates and spending cuts/deficit reduction.