February 5, 2009
The more I’ve been hearing about the stimulus package that President Obama has been pushing these past few weeks, the less I’ve liked about it. It seems to be full of all sorts of unnecessary spending, and a good deal of it not even targeted in ways that could actually help. Now, according to a [...]
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January 13, 2009
photo credit: Hey Paul
Today Ben Bernanke talked about the stimulus package currently being discussed by President-elect Obama and his incoming administration. He believes it will help, but that it won’t be enough to bring a lasting recovery. From the International Herald Tribune:
The chairman of the Federal Reserve, Ben Bernanke, said Tuesday that the fiscal [...]
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Congressional Budget Office Says 2009 Stimulus Package Could Be Harmful To Economy
February 6, 2009photo credit: kevindooley
The Congressional Budget Office released a statement this week stating that they believed the current versions of the 2009 stimulus package would actually be harmful to our nation’s economy in the long run.
President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to [...]