Friday, February 13, 2009

Will the stimulus actually stimulate?

WASHINGTON — The compromise economic stimulus plan agreed to by negotiators from the House of Representatives and the Senate is short on incentives to get consumers spending again and long on social goals that won't stimulate economic activity, according to a range of respected economists.

"I think doing nothing would have been better,"

said Ed Yardeni, an investment analyst who's usually an optimist, in an interview with McClatchy.

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