Is 'Stimulus for Suckers'?

Professor James K. Galbraith, stated in a recent article 'Stimulus is for Suckers' in Mother Jones that a 1 Trillion Dollar investment stimulus in IT is needed for the U.S. to keep the Economy from collapsing.
Galbraith's other recommendations:
* Massive spending on infrastructure, including alternative energy technologies (as Obama has recommended).
* Tax relief for working Americans and increased Social Security benefits for seniors.
* Mortgage workouts on a mass scale, akin to Depression-era Home Owners' Loan Corp.
* Major support for state and local governments via a Nixon-era program of unrestricted Federal grants.

There is a very interesting graphic about dollars spent on the economy and returns in this article, so you are encouraged to visit the Mother Jones site.

James K. Galbraith is a professor at the University of Texas.

James K. Galbraith (born January 29, 1952) and the son of renowned economist John Kenneth Galbraith. Ph.D Economics, and mangna cum laude from Harvard and Yale. He is the Chair of Economists for Peace and Security, formerly known as Economists Against the Arms Race and later Economists Allied for Arms Reduction (ECAAR), an international association of professional economists concerned with peace and security issues. He is the author a number of successful books and articles written for mainstream and liberal publications on economic topics.

(From Yahoo) Recession to last another year. Last year, CFOs accurately predicted the looming recession. "In September 2007, CFO optimism about the future declined sharply, correctly anticipating the current recession," according to a statement from John R. Graham, director of the survey and a finance professor at Duke's Fuqua School of Business.