KeithHennessey.com

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.

Yesterday Senate Minority Leader Mitch McConnell (R-KY) appointed me to be a member of a new Financial Crisis Inquiry Commission.

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.