The Success Of The Stimulus – The Moderate Voice " />
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The Success Of The Stimulus
February 18, 2014 by Ron Chusid 3 Comments
Barack Obama’s economic stimulus was launched five years ago. Regardless of how successful it turned out to be, conservatives would attack it in order to try to avoid giving Obama credit for reversing the economic problems created by George Bush and Republican economic ideas. Michael Grunwald looked at the report from the Council of Economic Advisers on the success of the stimulus, finding that its report is consistent with other reports on economic improvement:
Grunwald did warn of the political ramifications. As conservatives have convinced themselves that economic stimulus doesn’t work as a knee jerk reaction to anything proposed by Obama, politicians are likely to shy away from stimulus when needed in the future, following the European mistakes in promoting austerity. Such views in this country already led to the stimulus being significantly smaller than it should have been.
Steve Benen has more facts and tables on the benefits of the stimulus, such as the table above on the effect of the stimulus on GDP.
Think Progress cited several Republicans who attacked Obama on the stimulus and then took credit for its benefits.
Filed Under: Budget, Energy, Environment, Health, Politics Tagged With: Barack Obama, Economy