The Democrat Congressional Budget Office Estimates that the Stimulus plan will reduce economic growth

Obviously, I think that the effect is much worse than the Democratic economists think that it will be and I disagree with their reasoning, but still this is an amazing concession from the Democrats.

CBO estimates that by 2019 the Senate legislation would reduce GDP by 0.1 percent to 0.3 percent on net. [The House bill] would have similar long-run effects, CBO said in a letter to Sen. Judd Gregg, New Hampshire Republican, who was tapped by Mr. Obama on Tuesday to be Commerce Secretary. . . .



Post a Comment

<< Home