Posted on 09/02/2009 8:04:16 PM PDT by Libloather
U.S. Economy Gets Lift From Stimulus
By DEBORAH SOLOMON
SEPTEMBER 2, 2009
WASHINGTON -- Government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades.
But there's little agreement about which programs are having the biggest impact. Some economists argue that efforts such as the Federal Reserve's aggressive buying of Treasury debt and mortgage-backed securities, as well as government efforts to shore up banks, are providing a bigger boost than the administration's $787 billion stimulus package.
The U.S. economy is beginning to show signs of improvement, with many economists asserting the worst is past and data pointing to stronger-than-expected growth. On Tuesday, data showed manufacturing grew in August for the first time in more than a year. "There's a method to the madness. We're getting out of this," said Brian Bethune, chief U.S. financial economist at IHS Global Insight.
Much of the stimulus spending is just beginning to trickle through the economy, with spending expected to peak sometime later this year or in early 2010. The government has funneled about $60 billion of the $288 billion in promised tax cuts to U.S. households, while about $84 billion of the $499 billion in spending has been paid. About $200 billion has been promised to certain projects, such as infrastructure and energy projects.
(Excerpt) Read more at online.wsj.com ...
But the WSJ is hardly liberal...they will run BIG time with this.
keep all the stories of ppl praising obama saving the economy coming! It be funny to watch them give obama the credit only to see a few months later, they have to eat their word
All I can say is that anyone who writes or believes this kind of crap sure doesn’t get out of the office much. They might want to come down here where the rubber meets the road because we aren’t seeing it. The country has gone to hell in a handbasket and these people want to blow smoke up our ....
Economist are as reliable as Weathermen. We expect them to know more about the field they study than anyone else, but they are reliably wrong most the time
I like your post, and your tagline.
This author is a lying, Keynesian, skank.
“The U.S. economy is beginning to show signs of improvement, with many economists asserting the worst is past and data pointing to stronger-than-expected growth. On Tuesday, data showed manufacturing grew in August for the first time in more than a year.”
IIRC this is a bogus statistic because if they strip out a certain part of it, (transportaion mfg, I think) manufacturing as a whole, actually declined.
I think it's the part where they send millions to Spain and billions to Brazil and George Soros.
In other breaking news, unborn children are already crying at all the debt they’ll have to pay back.
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