The February 2008 Bush stimulus package and the 2009 stimulus package had very little impact, which is further evidence that the crisis dynamics were largely policy-induced and that markets stabilized long before the fiscal packages were enacted.
causalpending
Speaker
John TaylorEvidence Quote
“the large interventions starting with the stimulus package in February 2008 which I don't think did much good at all... I have a chart in my book that... it's very convincing that nothing and then so far this to miss package of 2009... very little impact... markets stabilized long before the the packages were put forth”
Created: 6/15/2026, 9:20:12 AM
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