Thursday
Aug132009
Economist: Recession Coming To An End, No Thanks to Stimulus Plan
Staff
The recession may be coming to a close, but according to Barry Bosworth, the Senior Fellow in the Brooking Institute's Economic Studies Program, the stimulus plan may not be responsible. In Bosworth's judgement, the $787 billion measure to jumpstart the U.S. economy has been a disappointment.
"The problem with the stimulus program has been that it has taken too long to get it going. The crisis hit in mid September [of 2008], Congress never acted until the Spring, and then it takes a couple of months for the government agencies to get it set up," said Bosworth during a panel discussion at the Brookings Institute Thursday. (0:26)
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"The problem with the stimulus program has been that it has taken too long to get it going. The crisis hit in mid September [of 2008], Congress never acted until the Spring, and then it takes a couple of months for the government agencies to get it set up," said Bosworth during a panel discussion at the Brookings Institute Thursday. (0:26)
Listen