Thursday, August 13, 2009

EPI says Stimulus Plan is working

In a new report "The recovery package in action", EPI researchers John Irons and Ethan Pollack lay out the details of what they see the American Recovery and Reinvestment Act's impacts have been so far. Long story short, despite the fact that only 14% of the spending has happened so far, the Stimulus plan has helped to decrease the pace of job losses.
Of course, ahem, others have pointed out that although the employment effects will be large (6-8 million jobs over three years), the impact on income distribution will probably be small and come nowhere near offsetting the increases in inequality we've seen in the last two decades.
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