If fiscal stimulus is no substitute for financial clean-ups, it is an important support at a time of slumping demand.

如果财政刺激难以取代金融整顿的话，前者在这个需求低迷的时期也是一项重要支持。

youdao

Complement not substitute for traditional stimulus.

传统刺激政策的补充而不是替换。

youdao

Unfortunately, to the extent that the Obama administration is willing to consider tax cuts, it prefers to treat them as a Keynesian stimulus, essentially as a substitute for more government outlays.

FORBES: The Proper Post-Election Agenda: Cut Spending, Then Taxes