The Stimulus Evidence One Year On

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This is an opinion item.

Author(s) Robert Barro
Source The Wall Street Journal
Date February 23, 2010
URL http://online.wsj.com/article/SB10001424052748704751304575079260144504040.html
Quote
Quotes-start.png "The projected effect on other parts of GDP (consumer expenditure, private investment, net exports) is minus 180, minus 120, +60, minus 330, minus 330, which adds up to minus 900. Thus, viewed over five years, the fiscal stimulus package is a way to get an extra $600 billion of public spending at the cost of $900 billion in private expenditure. This is a bad deal." Quotes-end.png


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