Stimulus Prevented Economic Slide

[babylonsister]

http://politicalwire.com/archives/2010/08/24/stimulus_prevented_economic_slide.html

August 24, 2010

Stimulus Prevented Economic Slide


"The massive stimulus package boosted real GDP by up to 4.5 percent in the second quarter of 2010 and put up to 3.3 million people to work," Reuters reports.

"CBO's latest estimate indicates that the stimulus effort, which remains a political hot potato ahead of the November congressional elections, may have prevented the sluggish U.S. economy from contracting between April and June of this year."

[JuniperLea]

1. Unrec? I guess someone wants the US to fail economically...

How sad is that?

[babylonsister]

2. No, they probably just want Obama to fail. We're infested. nt

[JuniperLea]

3. Yes we are...

Some are so clueless they don't get that if Obama fails, we all fail. Sound familiar?

[The_Casual_Observer]

4. This makes me wonder just how bad things would be right now

if Mccan't had been elected. My guess is that we would be looking at a replay of 1933. That bogus bastard would have refused to do anything but give more tax cuts to the billionaires. We are still in the early recovery stages of post-bonehead bush ruin. It's going to take a long time to recover from that mess.

[WI_DEM]

5. I recommended.

[applegrove]

6. The republicans are already trying to say that the stimulous did nothing. Just as Krugman predicted.

Thanks for posting.