Monday, April 26, 2010

Economists say that the Stimulus didn't help economy

It is disappointing that only 73 percent of National Association for Business Economics respondents had no impact of the recovery. I wish that some more of them had said that it had harmed the recovery.

The [National Association for Business Economics] April 2010 Industry Survey report presents the responses of 68 NABE members to a survey conducted between March 25, 2010, and April 10, 2010, on business conditions in their firm or industry and reflects first-quarter 2010 results and the near-term outlook. . . . The vast majority (73%) of respondents reported the fiscal stimulus enacted in February 2009 has had no impact on employment to date. While 68% also believe a jobs bill, such as the one recently enacted into law, will have no impact on payrolls, 30% do believe it will boost payrolls moderately.

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