We need the macroeconomic benefits of the stimulus now. The Administration is in a box because they want to argue that the economy has improved because of their policies, and that the stimulus has contributed to that improvement, but they cannot show that enough stimulus money has yet entered the economy to have a measurable effect.
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Tag Archives: recovery act
The Financial Crisis Inquiry Commission
16 July 2009 
42 Comments
Yesterday Senate Minority Leader Mitch McConnell (R-KY) appointed me to be a member of a new Financial Crisis Inquiry Commission.
Read more Misreading the economy
6 July 2009 10 Comments
The Vice President says that “We and everyone else misread the economy,” and that “No one anticipated, no one expected that that recovery package would in fact be in a position at this point of having to distribute the bulk of money.” This is inaccurate.
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