Economist Disappointed With Speed Of Stimulus Plan

Barry Bosworth, the Senior Fellow in the Brooking Institute's Economic Studies Program, said during a panel discussion Thursday that while the stimulus plan may help recovery, he was disappointed over how long it took to put the plan into action.

"What's really disappointing is that recession after recession the same thing happens: we can not get the political process to act fast enough," said Bosworth. (0:18)
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Economist: Recession Coming To An End, No Thanks to Stimulus Plan

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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