Red Herring Alert
I didn't say that Tom. I said its not a near term stimulous. A dividend cut is a long term stimulous. Never said it wasn't. Greenspan said the same as well, but that it wasn't enough of a stimulous to warrant the negative impact of deficit spending.
My whole point is that the 90's were about as good as we can expect and we should strive to get back to that precarious balance, not go off in some new direction which favors the very imbalances that made this recession worse than it needed to be even more.
Regards,
Mark