Quote:
Originally Posted by Antitrust32
yep, it worked just like it was supposed to right? Like "this bill has to be passed or unemployment will go higher than 8%"
It was an epic failure, and will prove to cause more damage than good when we actually pay back the bill.
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That quote is from one report before the bailout, one written by economist Christina Romer, and yeah, it turned out the economic mess was far worse than any economist predicted.
But no, the majority of economics studies clearly say, especially as we now have hindsight to
actually measure impact and financial effects, that the stimulus provided jobs and helped keep the economy out of depression. You are certainly entitled to your opinion, but there is clearly a preponderance of objective evidence that shouldn't be ignored in forming it.