Sustaining Stimulus Efforts

As Ben Bernanke has declared that the recession is nearing a slow end and many around the world are looking to reduce stimulus efforts in an effort reign in out of control spending, the U.K. has affirmed that they will continue their efforts. This WSJ article further details what our European friends are thinking.

I applaud their efforts, as I insist to all anti-New Deal conservatives who claim only WWII brought America out of the Great Depression, I would argue that the scaling back of federal spending and other measures around 1937 slowed the return to "normalcy" in the economy as the country needed continued stimulus. Governments around the world must recognize such a potential mistake as one may devastate the progress many countries have seen in getting out of recession.