Stimulus= B-

Discussion in 'Politics' started by rightwinger, Feb 18, 2010.

  1. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Economic Stimulus Gets a B-Minus Grade - ABC News

    What kind of grade do experts give the economic stimulus bill following the one-year anniversary of its enactment?

    The president marks the one year anniversary of the Recovery Act.We put that question to our ABC News panel of economists. What came back: no "A's" for Washington -- but no "F's" either.

    The average grade was a B-minus


    Most of our panelists think the economy would be worse today without the big aid package, which totaled $787 billion and was signed into law by President Obama on Feb. 17, 2009. The bill, known as the American Recovery and Reinvestment Act, included money for tax cuts, infrastructure projects, education and aid to state and local governments.

    The stimulus worked," said Stuart Hoffman, chief economist at PNC Bank. Without it, "the unemployment rate would probably be closer to 11 percent" and the economy might not have grown at all last year.
    Mark Zandi of Moody's Economy.com thought the nation would be "still in recession."
    "It played a significant role supporting recovery," said economist Diane Swonk of Mesirow Financial.

    Not all the economists who responded to our survey agreed the stimulus was necessary.

    "Throwing a trillion dollars at anything will move it," said Standard and Poor's David Wyss, "but the recovery would be beginning and the unemployment rate nearing a peak" without it.

    "The economy would probably be recovering," argued Jay Bryson of Wells Fargo, just maybe not "as fast as it is."
     
    Last edited: Feb 18, 2010
  2. DiamondDave
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    DiamondDave Army Vet

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    Ahhh... the 'it would have been' argument... with no substance behind it whatsoever...

    Typical.. oh so typical

    Saved jobs, I tell you.. saved jobs :rolleyes:
     
  3. keee keee
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    keee keee Senior Member

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    F for creating jobs!!! A for transfering money to supporters and the unions!!!! Another load of crap from the Obama administration!!!!
     
  4. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    Seems like keee keee has a pulse on the real events of the Stimulus Act. Listen and learn.
     
  5. Oldandtired
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    Oldandtired BANNED

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    Unemployemt will not go above 9%

    Oh but we didnt realize how bad the economy was.

    So you are saying that those top economic advisors that knew exactly how to fix the problem were not able to determine what the problem was?
    And they are still advising you?

    WHERE THE F*CK IS THE PRESS WITH QUESTIONS LIKE THAT???????????
     

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