Does Anyone feel like Bailing

[classicman]

Only after several rounds of back-and-forth did he agree with Representative Chet Edwards, Democrat of Texas, that tax cuts do not entirely pay for themselves. And he danced around with Representative Gerald E. Connolly, a Virginia Democrat,

on whether the Obama administration’s $787 billion stimulus package last year was “necessary.”
Mr. Bernanke would only say it was “useful.”

“It must be nice to be an economist,” Mr. Connolly replied.

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That's an interesting choice of words - useful.

Originally Posted by classicman

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That's an interesting choice of words - useful.

Numerous economists would disagree.

But the larger issue is what would have happened w/o the stimulus and no one knows.

I am one of those who believed at the time, and still believe, that is was far better than the risk of do nothing and hoping the economy did not continue to tank.

And, I still havent heard any better solution from those who criticize the program.