And everyone’s spending patterns differ – the older, wealthier household buys jewelry from Tiffany, rather than a car from General Motors. And even the former borrowers are unlikely to use their stimulus money to pay for more housing – they have soured on the dreams that housing held out.
不难理解，对需求的一般刺激，例如减征工资税，在重振就业方面效果不好。一般刺激针对的是所有人，而不是之前的举债人。而人与人的支出模式是不同的——老人、富人会去买蒂梵尼的珠宝，而不是GM的汽车。而原先的举债人也不太会再用刺激资金去买房——他们的房产梦早已幻灭了。