DebateGate

General Category => 3DHS => Topic started by: RoboPoster on August 10, 2010, 03:00:04 PM

Title: Why Didn't the Stimulus Stimulate?
Post by: RoboPoster on August 10, 2010, 03:00:04 PM

Why Didn't the Stimulus Stimulate?
                                       

 Lawrence Lindsey, Weekly Standard
A recent paper by Alan Blinder and Mark Zandi claims that if not for the response of the federal government, the unemployment rate would be 15.7 percent, far higher than the current 9.5 percent. The press quickly reported that this vindicated the Obama stimulus plan. But the fact is that most of the positive effects cited in their paper came not from the stimulus but from stabilizing actions of the Federal Reserve, the FDIC, and TARP.The paper argued that fiscal stimulus enacted under both Presidents Bush and Obama lowered the unemployment rate by 1.5 percentage points. But it did not measure...

http://www.realclearpolitics.com/2010/08/10/why_didn039t_the_stimulus_stimulate_239311.html

Title: Re: Why Didn't the Stimulus Stimulate?
Post by: sirs on August 10, 2010, 03:31:41 PM

I think you have to consider the source, and its intended target audience