Monday, February 02, 2009

A Failure to Stimulate

Washington Post syndicated columnist Robert Samuelson finds the alleged stimulus package to be lacking:

"But the result is that the stimulus, as an act of economic policy, is hobbled. A package so large can be defended only because the economy is so weak -- and seems to be getting weaker by the moment. The central purpose is simple: halt downward momentum. Perhaps some of the out-year spending might ultimately prove useful. But the immediate need is for the stimulus package to stimulate -- now. It needs to be front-loaded; it isn't."


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