Archive for January 22nd, 2009

Stimulus Sloppiness, A Graphic Introduction

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Technorati Tags: allie, asay, bailout, obama, stimulus, trever

Will Obama’s Stimulus Help in Time? The CBO Does Not Think So

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Creating further problems for Obama’s stimulus proposal, the non-partisan Congressional Budget Office has concluded that 1/4, or $355 billion of Obama’s proposed $825 billion discretionary stimulus plan, will not touch the economy before 2011 (http://www.bloomberg.com/apps/news?pid=20601087&sid=aJAoR5GECKWo&refer=home).  I cannot comment on whether this report is true, but it exposes one of the problems of relying on government [...]