Frodo
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Posts: 24,573
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« on: November 22, 2009, 12:30:58 PM » |
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« edited: November 22, 2009, 12:33:33 PM by Frodo »
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I would say 'moderately effective'.
It has been effective at keeping the economy from going into free-fall, and preventing unemployment (as bad as it is, and as bad as it is likely to be within the next few months) from being even higher than it otherwise would have been. We are likely to be seeing the official unemployment rate cresting at around 12-13% by early next year -without this stimulus, we likely be seeing Depression levels instead.
If anything about the stimulus package passed this past February should have been changed, less emphasis should have placed on tax cuts, and in fact it should have been even larger than it actually was.
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