Regarding Stimulus Spending
There is a growing sentiment (mostly among those who never wanted the stimulus package passed in the first place) that it might be possible to ‘cancel’ spending the rest of the stimulus money. After all, we are seeing signs of economic recovery – right?
Well, not so much. Many economists that considered the stimulus package crucial during the time when it was passed still point to the fact that we have issues like rising unemployment – amongst other things – to think about before attempting to cut off our economic stimulus.
Through this argument, however, we do learn something very important for our purposes. Not a lot of the stimulus package has been spent yet: roughly $19 billion as of May 27. This means there is a lot of time to get invested into key stimulus sectors. Pulling the trigger too early could be a fatal mistake.
Posted: June 4th, 2009 under Economy, Infrastructure, Obama, The First Year.
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