Day: October 29, 2009

Not-So-Stimulating News

A few days ago, the president’s chair of the Council of Economic Advisers, Christina Romer, said that the stimulus had leveled off, and that it would have no real impact next year. She tried hard to paint this as a positive thing, but the admission was tantamount to acknowledging failure. The so-called stimulus, which was supposed to jumpstart the economy, has accomplished one thing primarily—it has jumpstarted the most massive debt in American history, while unemployment, which we were promised… Read more »