BDBoop
Platinum Member
- Banned
- #1
Then, Congress passed the stimulus bill, the fall in growth dwindled to 0.7 percent in the second quarter, and, by the third quarter of 2009, we had 1.7 percent growth. “We went from negative to positive at precisely the time that the stimulus was providing maximum benefit in terms of tax cuts and spending increases,” Zandi says. “The numbers actually reinforce the importance of the stimulus in jump-starting a recovery.” What the stimulus didn’t do, however, was raise employment to the levels that the White House had predicted — partly because the economy was in worse shape than anyone, even the official data-crunchers, knew.
Study hard, kids; there'll be a pop quiz when I get back from the movie.
http://www.washingtonpost.com/blogs...bout-stimulus/2011/07/29/gIQAj8lNhI_blog.html