CrusaderFrank
Diamond Member
- May 20, 2009
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If the stimulus raised the GDP by 3.8, how come it's still 1.3?
Without the stimulus, the recession would be much deeper. The current growth rate of "1.3%" is anemic because the stimulus has essentially ended.
Of course stimulus worked! Hell, the entirety of the Reagan and Bush administrations relied upon economic growth based upon deficit (e.g., "stimulus") spending!
This is nothing new. When the economic system is broken--when concentrations of wealth continue to grow at the top and leave workers broke and penniless--the economy suffers.