Moreover, fiscal support is absent this time: QE1 and QE2 helped to prevent a deeper recession and avoid a double dip, respectively, because each was associated with a significant fiscal stimulus. In contrast, QE3 will be associated with a fiscal contraction, possibly even a large fiscal cliff.
此外，本次宽松也缺乏财政支持：QE1和QE2分别防止了陷入更严重衰退并阻以及二次下滑，因为每次宽松都是与一个大型财政刺激计划联系在一起的。相比之下，QE3将会与一轮财政收紧联系在一起，甚至很可能是一场财政大幅削减。