stimulus

With 500,000 new people applying for unemployment last week, the most number since November, it appears that the economy, propped up by temporary census workers and last year’s stimulus package, is falling again. The Right is saying that the stimulus was a waste of money, the Left is saying it wasn’t big enough. The truth is, even if it helped a little, it’s not doing enough. Eric Martin at Obsidian Wings does a great job of pointing out one of the most important reasons: Further weakening the effort, a self-styled group of “moderates” in the Senate pared...

CC photo from Argonne National Laboratory Conservative critics love to talk about how the American Recovery and Reinvestment Act, otherwise known as the “stimulus package,” has clearly not worked, because the economy hasn’t recovered yet. All I had to do was a cursory Google search to find this: According to the latest survey of its members by the National Association of Business Economists: “The vast majority (73%) of respondents reported the fiscal stimulus enacted in February 2009 has had no impact on employment to date. While 68% also believe a jobs bill, such as the one recently...