This is an opinion item.
|September 22, 2010
|"By the time a policy takes effect, it may be too late to serve the original purpose. Supporters insist there's no such danger this time, since the economic recovery has been feeble and promises to remain that way. A Bloomberg survey of economists found that most expect the unemployment rate to stay above 9 percent until 2012. But if that's true, it doesn't say much for the potency of fiscal policy in boosting short-term growth. Obama's program, after all, is the biggest stimulus package, as a share of the economy, in our history. Yet it has landed with the force of a damp sponge."
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This item argues for the position Act should not have been passed on the topic American Recovery and Reinvestment Act of 2009.