ihopehefails
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- Oct 3, 2009
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The report said the most efficient parts of the stimulus include infrastructure projects such as road- and bridge-building and more generous unemployment benefits. On the other hand, the popular first-time homebuyer tax credit isn't a very efficient use of stimulus dollars, the report said.
In other words, government spending and growth happened. It was not responsible for any growth in the private sector in which tax cuts would have done. Its a dead cat bounce and nothing more.