Thanks sickoflibs. They don’t really say that though—
[snip] MATTHEWS: It didn`t bring the economy back. And they have got a good argument with that, because when you have a 9-plus percent unemployment rate, how can you claim you turned the economy around? In simple Crayon- level thinking, it works, doesn`t it, the Tea Party argument?
CROWLEY: Sure. Yes. I mean, the experience of the stimulus was a big setback for Keynesian economic theory, because it`s hard to explain to people that it might have really prevented things from getting a lot of worse. And so the Rush Limbaughs of the world point to the unemployment now and say that the thing was a complete waste that didn`t work. [/snip]
Not sure what you mean, the actual text is “ ..the experience of the stimulus was a big setback for Keynesian economic theory, ..” like the title but they are not admitting the stimulus was a economic failure as my post of the entire exchange shows, they are admitting that “..the experience of the stimulus was a big setback for SELLING the Keynesian economic theory, ..”
To me this is very important and why I posted it.