Wednesday, January 23, 2008

Bruce Bartlett believes that fiscal stimulus is too little too late

stating (via Mark Perry):
The history of anti-recession efforts is that they are almost always initiated too late to do any good. This chart, based on recession timelines from the National Bureau of Economic Research, shows the enactment of stimulus plans is a fairly accurate indicator that we have hit the bottom of the business cycle, meaning the economy will improve even if the government does nothing.

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