by Ron Coleman
My friend Aziz Poonawalla, via Insty who, interestingly, links to the story guilelessly (I can’t buy a link these days–should I get a turban?), lays it right out:
Today is the one-year anniversary of the landmark stimulus bill which most economists agree has staved off a second Great Depression. The evidence that the stimulus has worked is overwhelming – the New York Times has an in-depth article looking at its actual impact on jobs, and an indispensable graphic showing a timeline of key economic indicators before and after its passage. There’s another beautiful chart based on job loss data from Dec 2007 to Jan 2010 which also makes the impact of the stimulus crystal clear. The recognition of the stimulus’ success isn’t just data-driven – Republican lawmakers who have publicly denounced it for political gain have been quietly and hypocritically scrambling for stimulus money for their districts – as documented by the Wall Street Journal and by the Washington Times.
