A Bad, Necessary Bill

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This is an opinion item.

Author(s) Michael Gerson
Source The Washington Post
Date February 18, 2009
URL http://www.washingtonpost.com/wp-dyn/content/article/2009/02/17/AR2009021702593.html
Quote
Quotes-start.png "But while the legislation was deeply flawed, there was little alternative to action. The usual recession remedy -- the lowering of interest rates by the Federal Reserve to loosen up credit and spending -- is of little use when the credit system itself is broken and rates are already near zero. The president and Congress were left with one option: attempting a fiscal jolt to counter the economic cycle." Quotes-end.png


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This item argues against the position Act should not have been passed on the topic American Recovery and Reinvestment Act of 2009.