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QE 2 Was A Disaster: Here Is Why US Fiscal "Stimulus" Was A Complete Failure As Well

By: capt_nemo in WRGO | Recommend this post (0)
Wed, 08 Jun 11 7:07 AM | 16 view(s)
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Submitted by Tyler Durden on 06/07/2011 19:01 -0400

* Christina Romer
* Obama Administration
* Reality
* recovery
* Richard Koo
* Unemployment

Two and a half years ago, Christina Romer, then still employed by the Obama administration in the position of Chair of the Council of Economic Advisers penned "The Job Impact of the American Recovery and Reinvestment Plan" - a report predicting the impact of a fiscal "stimulus" that took out $787 billion from the pocket of American Taxpayers (subsequently discovered to cost even more) and put that money...somewhere.

http://www.zerohedge.com/article/qe-2-was-disaster-here-why-us-fiscal-stimulus-was-complete-failure-well




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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