It appears as though 'trickle down' stimulus is not having its desired effect according to today's Fed Beige Book.
Fed's Beige Book Fails To Stimulate More Lending - Forbes
Jobs Report on Friday.
"They defended him, verbally and physically, every time he committed one of his criminal acts. They went blithely on past the suffering of all the bombing victims, the prisoners in the concentration camps, and the religious persecutors, because a different regime would have meant the end of their power. 'You made this monster, and as long as things were going well you gave him whatever he wanted. You turned Germany over to this arch-criminal.'”
Friedrich Reck-Malleczewen, 1947