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All of these programs are expensive and, given the economic downturn, out of reach for many.
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In such an environment, the only thing certain is that a spectacular downturn lies out there somewhere.
"Does this mean the Fed should 'keep its powder dry,' as some have argued, holding back on further easing in case the downturn turns out to be more serious or in case there are additional adverse shocks?" Mr. Meyer said.
It seems so, though it is still hard to tell how much more it will suffer if this economic downturn turns out to be as long and difficult as the recession and slow initial recovery of the early 1990's.
The downturn brought out more, and a wider range, of unemployed locals than it was used to assisting.
While fierce local rivals Hull City's Premier League fortunes coincided with a reinvigoration of their city, Grimsby's downturn played out on its streets and football pitches.
What's interesting to me is that while liberals are predisposed to support the idea, public financing has worked in this country and others, and the economic downturn cries out for stimulative spending, the conservative bias against public investment is shared by mainstream economics.
However, downturns shake out thousands of workers.
Though Krugman has been criticizing some policymakers' obsession with austerity for years, the strategy has recently come under fire after a widely-cited paper by Harvard economists Carmen Reinhart and Ken Rogoff thought to prove that high levels of government debt correlated with economic downturns, turned out to be riddled with errors.
A market downturn could wipe out benefits.
But there are signs that the downturn has bottomed out, with firms growing more confident about the coming months.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com