Friday, August 06, 2010

EVEN AN AEI WINGNUT THINKS THE STIMULUS WORKED...

(h/t db'sbones on POLITICO)
The Year Ahead
By John H. Makin | AEI Online
(January 2010)

The real economy also responded to the massive stimulus but remained heavily dependent on it. In the United States, growth during the second half of 2009 probably averaged about 3 percent. Absent temporary fiscal stimulus and inventory rebuilding, which taken together added about 4 percentage points to U.S. growth, the economy would have contracted at about a 1 percent annual rate during the second half of 2009.

No comments: