Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Did anyone read the article in the Wall street journal about the stimulus package?

http://online.wsj.com/article/SB125185379218478087.html

Do you agree?

Answer Question
 
Anonymous

Asked by Anonymous at 9:16 PM on Sep. 2, 2009 in Politics & Current Events

Answers (4)
  • Yep about 3% of the 3 trillion dollar stimulus package was expected by economists to give actual results. So hurray for that 3% !!!!!!

    Shame about that other 97% that we'll be paying back for generations though.
    Anonymous

    Answer by Anonymous at 9:42 PM on Sep. 2, 2009

  • Apparently you didn't read or understand the whole article.
    Anonymous

    Answer by Anonymous at 9:43 PM on Sep. 2, 2009

  • Woo hoo! We may get a jobless recovery that will end up costing more than double what was spent. That is something to celebrate!
    yourspecialkid

    Answer by yourspecialkid at 10:34 PM on Sep. 2, 2009

  • What's to agree?
    The article says that several programs, NOT the stimulus bill, are cited by various unnamed economists as boosting the economy 3.3%-ish this past quarter (what percentage is it truly if it's "3.3% when multiplied annually"? ...1/4 of 3.3% = .8% ... not very impressive ... hmm.)

    The article also says that stimulus $$ is just beginning to trickle into the economy ...
    And there's this:
    "Dave Anderson, chief financial officer of Honeywell Inc., said the stimulus package actually froze business activity ... The $787 billion package "created actually a slowdown in order activity in terms of the flow that we would normally have anticipated," ...

    So, what's to agree or disagree with ... whether these various economists said what the article says they said??
    waldorfmom

    Answer by waldorfmom at 10:37 PM on Sep. 2, 2009

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN