Bill Clinton Explains Why Stimulus Won't Work

He doesn't mean to, I don't believe, but Bill Clinton lays out a good argument against stimulus - the economy is stuck, structurally, in a pattern that takes five years to get out of.

Historically these things take five years to get over... there's no American live, except to people who are old enough to remember the Great Depression, there are not many of them, who remember what it's like to go through a financial crisis, which normally takes four to five years to get over.