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Stimulus, $862 billion has been a complete failure and over 250 billion of it hasn t each been spent yet. what on earth has possessed them to go out and suggest another 50 billion? i think what on earth is happening is that the economy is much weaker right now than anyone expected a couple of months ago, than anyone hoped. the wall street journal poll came out today had a telling stat in there. a quarter of the people think the economy is going to be worse in the year going forward. half the people thought so last year. basically the administration had kind of auto wave of positive feeling that it was riding there. coming out of the recession, coming out of recovery. look, stimulus didn t quote, unquote work in terms of getting us some terrific recovery it did probably bring down the unemployment rate by one or two percentage points. it s still 10%. they have promised it would stay below%. huge error and it would l. haunt christina romer for the rest of her life coming out and ....
Stimulus, $862 billion has been a complete failure and over 250 billion of it hasn t each been spent yet. what on earth has possessed them to go out and suggest another 50 billion? i think what on earth is happening is that the economy is much weaker right now than anyone expected a couple of months ago, than anyone hoped. the wall street journal poll came out today had a telling stat in there. a quarter of the people think the economy is going to be worse in the year going forward. half the people thought so last year. basically the administration had kind of auto wave of positive feeling that it was riding there. coming out of the recession, coming out of recovery. look, stimulus didn t quote, unquote work in terms of getting us some terrific recovery it did probably bring down the unemployment rate by one or two percentage points. it s still 10%. they have promised it would stay below%. huge error and it would l. haunt christina romer for the rest of her life coming out and ....
Stimulus, $862 billion has been a complete failure and over 250 billion of it hasn t each been spent yet. what on earth has possessed them to go out and suggest another 50 billion? i think what on earth is happening is that the economy is much weaker right now than anyone expected a couple of months ago, than anyone hoped. the wall street journal poll came out today had a telling stat in there. a quarter of the people think the economy is going to be worse in the year going forward. half the people thought so last year. basically the administration had kind of auto wave of positive feeling that it was riding there. coming out of the recession, coming out of recovery. look, stimulus didn t quote, unquote work in terms of getting us some terrific recovery it did probably bring down the unemployment rate by one or two percentage points. it s still 10%. they have promised it would stay below%. huge error and it would l. haunt christina romer for the rest of her life coming out and ....