CBO: Stimulus hurts economy in the long run

Posted by Kendall Harmon

The Congressional Budget Office on Tuesday downgraded its estimate of the benefits of President Obama’s 2009 stimulus package, saying it may have sustained as few as 700,000 jobs at its peak last year and that over the long run it will actually be a net drag on the economy.

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Filed under: * Culture-WatchGlobalization* Economics, PoliticsEconomyCredit MarketsHousing/Real Estate MarketLabor/Labor Unions/Labor MarketThe Fiscal Stimulus Package of 2009The U.S. GovernmentFederal ReserveThe National DeficitThe United States Currency (Dollar etc)

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Posted November 23, 2011 at 5:15 am

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