The U.S. Economic Stimulus Plan

Economists disagree on the wisdom of extensive stimulus spending, as well as the particulars of the current U.S. plan. Given the current economic climate, most mainstream economists now say that the potential downsides of collapse are sufficiently grave that large stimulatory expenditures may be necessary. As the global financial and economic crisis has worsened, this viewpoint has gained international popularity. In a December 2008 paper released by the ... Full Story »

Posted by Dale Penn
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Posted by: Posted by Dale Penn - Feb 10, 2009 - 7:16 AM PST
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Edited by: Derek Hawkins - Dec 22, 2009 - 7:50 AM PST
Derek Hawkins
4.4
by Derek Hawkins - Feb. 10, 2009

A thorough, plain English explanation of the stimulus plan -- what it is, how it works, and potential drawbacks. It offers analysis of several provisions of the plan and shows how the it could affect U.S. standing on the international scale. I learned a lot from this, and I would expect the same for others. Comes with my highest recommendation.

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Dale Penn
5.0
by Dale Penn - Feb. 10, 2009

I almost never give an article a "5" rating. This article by CRF provides tons of facts, different political and economic perspectives, gives the big picture impact of the stimulus on national debt and global relations, has numerous links and sources to back up the information provided and is accessible to anyone willing to invest 15 minutes to read it. Required reading.

Finally, and perhaps counterintuitively, some analysts point to potentially frightening risks if the stimulus package works too fast. With the world economy destabilized, ... More »

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Patricia L'Herrou
3.7
by Patricia L'Herrou - Feb. 10, 2009

there is some new info here particularly regarding debt default and the relationship of the recovery plan to international economies. clearly economic experts disagree on what will or won't work. what isn't mentioned is that this situation derives from an unprecedented in our history 'storm' of factors. that seems to me to indicate that it is almost impossible to forecast anything, but what should any president do then, wait or act. one suggestion of simply to cut government spending seems made to panic the public.

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Peter L. Combs
4.1
by Peter L. Combs - Feb. 10, 2009

Well written, well sourced with thoughts, opinions and references to papers on the topic by a variety of economists. Economic theories abound here including what will happen if the stimulus fails or falls measurably short of the desired outcome. An excellent read.

This article points out very clearly that "some say" is the best they can do on many levels. Lets hope Timely, Targeted and Temporary do what they hope it might. The "Market " dropped like a brick today during Geithner's 10:30 talk..its now off 405 Points, the investment world disagrees with the latest plan.

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deb
3.8
by deb - Feb. 10, 2009

perhaps it's just my cynicism, but I question the sources, and the basic premise seems so pie-in-the sky. Who's going to really pay for this blather, and what about Irac?

As above

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Curis L. Carroll
3.5
by Curis L. Carroll - Feb. 10, 2009

The article is fine as far as it goes, however it ignores the elephant in the room--the disenfranchisement and impverishment of the American (and world) middle class. The next logical related issue is the dependence upon a large and stable middle class for stable government. Where is anyone discussing these issues?

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