In the U.S. the recovery from the Great Depression was delayed several times and the rescue efforts eventually cost more, because each time the deficit spending and stimulus efforts were halted toosoonbecause recovery was underway, the economy stumbled again, and required another round of support.
But Mr Greenspan cautioned against the president's latest stimulus package because he thinks it is toosoon to know what measures might be needed, and because he is no fan of large government deficits.