Mr. Zandi said if we had not passed the stimulus, we would have a depression. Now I hear the other side saying there was nothing worse than the stimulus. Mr. Zandi said if we had not done the stimulus, we would have a depression. Now, I think Mr. Zandi would also say, if he were here right now, that the least stimulative tax cut we could do is a personal tax rate at the very highest bracket. Do you know what he would say is the most stimulative thing we could do to the economy right now? Unemployment benefits. And what are we fighting over? They are blocking the most stimulating thing we can do for the economy to do the least stimulating thing for the economy for the millionaires and billionaires. Let's go over that again to make sure we understand this. The same economist my Republican friend is hanging his hat on has said, time and time again, the only thing that stood between this country and a depression was passing the stimulus.
Editor's note · Context
Senator McCaskill discusses the importance of the stimulus and unemployment benefits in preventing economic depression.
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