PERRspectives: Stimulus Paying Big Dividends for GDP, State Budgets
Beginning in early July, Capitol Hill Republicans introduced a new talking point, proclaiming the $787 billion economy recovery package (ARRA) a "dismal failure." Sadly for the GOP, as Stephen Colbert might say, reality is showing its well-known liberal bias. After steep declines of 5.4% and 6.4% in the previous two quarters, gross domestic product fell only 1% in the last three months. And while [...]
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