12
Jan
Stimulus will take a while to work
Filed Under (Economic) by on 12-01-2009
The roll-out of the Obama Administration's fiscal stimulus package has been met with a huge amount of anticipation, heightened by a lack of specifics, which seem almost purposely elusive as a signal to Congress that this is essentially a draft open to discussion. However, the buildup of such expectations over the outcome of this process creates a distinct risk in casting the fiscal package as a near panacea for pulling the economy out of its current deep slump.
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