Friday, February 13, 2009

Stimulus Bill

And we thought the stimulus bill would be our savior.


http://www.mcclatchydc.com/227/story/62082.html

Will the stimulus actually stimulate? Economists say no
By Kevin G. Hall McClatchy Newspapers

WASHINGTON — The compromise economic stimulus plan agreed to by negotiators from the House of Representatives and the Senate is short on incentives to get consumers spending again and long on social goals that won't stimulate economic activity, according to a range of respected economists.

"I think (doing) nothing would have been better," said Ed Yardeni, an investment analyst who's usually an optimist, in an interview with McClatchy. He argued that the plan fails to provide the right incentives to spur spending.

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