Monday, April 26, 2010

4/26/10: The Stimulus 'Didn't Help'

The economy is starting to rebound, albeit slowly...

Guess what? Obama's stimulus plan failed, at least according to CNN:
The recovery is picking up steam as employers boost payrolls, but economists think the government's stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday.

...

NABE conducted the study by polling 68 of its members who work in economic roles at private-sector firms. About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act, which the White House's Council of Economic Advisers says is on track to create or save 3.5 million jobs by the end of the year.

That sentiment is shared for the recently passed $17.7 billion jobs bill that calls for tax breaks for businesses that hire and additional infrastructure spending. More than two-thirds of those polled believe the measure won't affect payrolls, while 30% expect it to boost hiring "moderately."

Source: CNN
Well... Whaddya know about that?

No word yet on exactly how much better off the economy would be if not for the Obama stimulus. Maybe the rebound would be a tad faster...