KeithHennessey.com

I began this blog at the end of March after the stimulus bill had become law.  I had been struck by how much the stimulus debate had focused on whether the bill was efficient.  (It clearly was not.)  There was much less discussion of whether the stimulus would be effective, and of the timing of [...]

Some have been arguing that the growth package should extend the availability of unemployment insurance (UI) benefits.
I’d like to cover three points in response:

Unemployment benefits have never before been extended when the unemployment rate is as low as it is now, or before the economy has been in a recession.
Extending unemployment benefits will not [...]

Last Friday the President spoke about the need for additional Congressional action on the economy.  Outsiders are referring to this as “fiscal stimulus”.  We’ve been calling it a “growth package”.
There’s a lot to say, so I’m going to break this up into three big parts.

what the President proposed;
why the President proposed it; and
today’s [...]