US Commerce Secretary: Stimulus 2.0 Under Consideration

Which is more naive? To believe that the economy is recovering or that another stimulus may actually work? I guess that's why they call it survival of the fittest - those who cannot evolve and learn from mistakes will be eliminated by nature (the market).

The myth that intervention and quantitative easing positively impact a macro economy (not micro - individuals/corporations may do well) is dead. So too will the currency be if there is another stimulus package - although it may be irreversibly damaged already. Skip to the last 50 seconds for his details on the administration's consideration of a second stimulus. Bloomberg followed this report up with a "correction" from Locke's staff that he misspoke...riigggghhhhhhttttt. Sounds pretty clear to me but you listen for yourself.