Will Stimulus Work: Economists Say No

on Friday, February 13, 2009

Good thing the House just passed it, huh:

Will the stimulus actually stimulate? Economists say no...

The compromise economic stimulus plan agreed to by negotiators from the House of Representatives and the Senate is short on incentives to get consumers spending again and long on social goals that won't stimulate economic activity, according to a range of respected economists.

"I think (doing) nothing would have been better," said Ed Yardeni, an investment analyst who's usually an optimist..."
I refer back to what I said a few days ago, Obama and Pelosi (two people with minimal to no business experience) are telling you this will work. Economists keep saying it won't. Who are you going to believe?

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