[revstriker]

Originally Posted by shiroganeshinobi

With regards to spending, do you mean how the stimulus did work?

By the way, this is an interesting read. I have not finished it yet, but it is interesting. I first found it funny how she suggested that the rebate checks did help by increasing disposable income, even though there was no gain in consumer spending (she argues that it was down trending, and that the rebates helped it remain flat). But then she goes on to try and suggest that tax decreases do not have a lasting effect. But wouldn't they also increase dispoable income?

Anyway, I am looking forward to reading. I caught the name when I first opened the link: Christina D. Romer. She was the chair on Obama's White House Council of Economic Advisers. She was pretty much forced to resign when her prediction that the unemployment rate would drop with the $800 billion stimulus. Whoops.