They attribute the larger part of this wholly benign result to have been from saving the financial system–something begun under President Bush and completed under Obama. Nonetheless, the effects of the fiscal stimulus alone appear very substantial, raising real GDP by about 3.4 percent, holding the unemployment rate about one-and-a-half percentage points lower, and adding almost 2.7 million jobs to U.S. payrolls.
Discover more from stevebanfield.blog
Subscribe to get the latest posts sent to your email.