October 31, 2009If This is Best Stimulus Can Do, We're in Trouble
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New figures released by the White House on Oct. 30 add to evidence that the federal economic stimulus package is working to create and save jobs. Unfortunately, that's not altogether good news. Why not? Think about it: If the stimulus is working, and the job market is extremely weak in spite of it, what will happen when the stimulus begins to fade sometime next year? Many economists are increasingly worried that the U.S. recovery will be agonizingly gradual, especially if it doesn't get another jolt of help. "I think it makes sense to look at more aid from the federal government, whether they call it stimulus or not," says Gus Faucher, director of macroeconomics at Moody's Economy.com, a West Chester (Pa.) consultant. The White House report said $160 billion worth... Related Topics: stimulus, United States, White House RECOMMENDED ARTICLES
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