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View Diary: Krugman Spins It A Bit In: “The Stimulus Tragedy” (134 comments)

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  •  Just out of curiosity, where did you get that (2+ / 0-)
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    tardis10, lotlizard

    figure?

    My personal experience suggests at best the stimulus money prevented layoffs state and local governments were looking to make.

    Sure, some of the road projects were promoted as being from stimulus money, but those projects were in the pipeline and were going to be shelved as a result of the crash. The stimulus merely prevented that. So it can't be said to have created those jobs, only preserved them.

    Same with some school districts being able to hold on to staff they were looking to layoff.

    Stimulus it seemed to me was the bandage that stopped the bleeding. The healing started happening quite naturally after the initial trauma.


    "We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can't have both." - Louis Brandies

    by Pescadero Bill on Fri Feb 21, 2014 at 09:49:53 AM PST

    [ Parent ]

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