The Stimulus – Looking Back

by Doug Krile on January 23, 2010

I know it’s easy to “Monday Morning Quarterback”, but there are some solid thoughts in this piece by John Aravosis on his Americablog. Would this have made the stimulus more effective? It ain’t doin’ what it was supposed to do right now.

The President, along with Democrats in Congress, got all wee-wee’d up when it came time at the beginning of last year to pass the stimulus bill. Top Democratic economists, like Krugman and Stiglitz, said the stimulus was far less than we needed (Krugman talked at the time about needing at least $2 trillion, and lots of other top economists said it wasn’t nearly enough). But the Republicans complained, they said that the economy was doing fine and no one was feeling any pain, so [...]

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  • dougkrile
    From my point of view, throwing more money at it now would do nothing. I just always wonder if it had been fully funded in the first place it might have been more successful.
  • Personally I don't see the logic in "We've spent a ton of money, haven't delivered what we should have done is more money".
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