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View Diary: Obama on the Economy: 'We Didn't Know How Bad It Was' (300 comments)

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  •  Is that why the vast, vast majority of (0+ / 0-)

    economists strongly recommended substantial stimulus spending? Because economists don't understand basic economics?

    Again, your claims don't line up with the reality of what happened.

    Economists agree: Stimulus created nearly 3 million jobs
    http://www.usatoday.com/...

    CNN Money:
    Second stimulus not needed - survey
    August 31, 2009
    76% of respondents polled by the National Association for Business Economics say the government should cut spending over next two years.

    An increasing number of economists agree with the government's response to the recession, saying they believe the economy is on the road to recovery, according to a survey released Monday.
    http://money.cnn.com/...

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