Obama Administration Stimulus Plan Slow On Results For Economy
With all of the talk about the efficacy of the enormous, $787 billion stimulus package, the more important question has escaped public focus. The broader question, raised by many economists, is whether any fiscal measure applied will actually drag the U.S. economy out of the current recession.
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A Secondary Stimulus Plan
In a report delivered by Fed Reserve Chairman Ben Bernanke stated that an addition program of government spending would be required to keep the US economy moving through a longer period of low growth. Bernanke suggested to a congressional panel that, “With the economy likely to be weak for several quarters, and with some [...]
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