Saturday, July 18, 2009

US stimulus package and jobs

The effect of the stimulus on jobs will peak at the end of 2010 according to top White House economic adviser Lawrence Summers.

According to Mr Summers, rising joblessness does not prove that the stimulus "is falling short".

Well, IMO, if the effects of the stimulus on jobs take until the end of 2010 to materialise, the stimulus package is not falling short but long!

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