More studies show the stimulus worked.

Thursday, September 1st, 2011 @ 2:16 am | Clueless Conservatives, Economy

Ezra Klein gives a thorough breakdown of nine major studies that have been done on Obama’s stimulus and how it impacted the economy. Bottom line, most say it significantly benefited, and people who claim it hurt the economy are probably selling you something (hint: A Republican candidate).

It’s always important to remember that the stimulus was smaller than most experts wanted and was one-third tax cuts (something Republicans will never tell you). It obviously didn’t rescue America from all effects of the 2008 crash, but there is a general consensus that it prevented a lot of damage. Now, it’s never easy selling voters on how you saved them from something bad that didn’t happen, but it’s still reality, so it’s worth pointing out.

And what was that Republican plan that would have gotten us through the whole ordeal scott-free?

-hw

3 Responses to “More studies show the stimulus worked.”

  1. The failures of the Democrats are not exclusively the failures of President Obama « Common Sense Political Thought Says:

    […] and GDP growth levels we were promised, leaving our friends on the left with the sad task of trying to claim that it really did work, and that things would have been much worse had it not been passed, yada yada […]

  2. Henry Whistler Says:

    Note- nowhere in Dana’s post does he actually deny anything the studies say…he relies on what was “promised” as his metric. The actual benefits of the stimulus? Irrelevant.

    So I guess pointing to the facts is “sad,” whereas bullshitting is noble?

  3. Anon Says:

    The economy added zero jobs in August.

    2.4 million fewer people work today than when Obama took office.

    Unemployment rate when Obama took office: 7.8%

    Unemployment rate today: 9.1%

    Your studies, didn’t really do much of it.

    In the week ending September 3, the advance figure for seasonally adjusted initial claims was 414,000, an increase of 2,000 from the previous week’s revised figure of 412,000. The 4-week moving average was 414,750, an increase of 3,750 from the previous week’s revised average of 411,000.

    http://www.dol.gov/opa/media/press/eta/ui/current.htm