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New at Reason: Economists Sound Off On Obama's Stimulus
On February 17,
President Barack Obama signed into law a sweeping $787 billion
stimulus plan that, he said, would begin “the essential work of
keeping the American dream alive in our time.” During the
contentious debate over what ended up passing Congress on a nearly
party-line vote, Obama declared, “There is no disagreement that we
need action by our government, a recovery plan that will help
jump-start the economy.”
Suspecting that there was more disagreement out there than the president was letting on, Reason asked 10 economists what they expect from the stimulus package. The results were not very optimistic.
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