Serious mistake to believe the stimulus failed

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This is an opinion item.

Author(s) Mark Zandi
Source The Philadelphia Inquirer
Date July 25, 2010
Quotes-start.png "Critics have also objected to the fiscal stimulus as a case of government overreach and ineptitude. They could not be more wrong. It is no coincidence that the recession ended when it did - about a year ago - just as the stimulus was providing its maximum economic benefit. Emergency unemployment-insurance benefits and tax cuts put cash into Americans' pockets that they have largely spent, supporting sales and employment. And without help from the federal government, state and local governments would have slashed payrolls and raised taxes at just the wrong time." Quotes-end.png

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This item argues against the position Act should not have been passed on the topic American Recovery and Reinvestment Act of 2009.