Other governments also do their bit to 'help.'
I guess the devil will be in the detail and we won't know how helpful such spending sprees will help until we know exactly what the spending will go on.
However, I have some concerns about the effectiveness of spending your way out of recession.
We heard horror stories about Liarbour's 'Decade of deficits' but wouldn't it be hypocrical if National delivered an even longer spell of debt.
I also don't remember the Thatcher government of Britain in the 1980s also spending their way out of trouble. It saved Britian by tough budget restraints, free markets and 'monetarism.'
However, like some beast from beyond the grave, Keynes is back in vogue again!
Now, Britain has just announced its 'recession-busting' big spend up, with added old-style socialism of tax increases for the wealthy. Bloggers Iain Dale, Archbishop Cranmer, and Guido Fawkes look at the economics and politics of PM Brown's mini-budget, with a major focus on Britain's massive debts- debts New Zealand could be rushing towards.
Bill English had certainly better be careful not to send us down that same red-ink stained track.
Can Rodney and Roger stop him? Do we want them to?
In the meantime, enjoy Gordon Brown selling Britain's soul to the Devil.