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Economists debate the extent President Obama’s mega-stimulus plan has aided the economy. One year after it was signed into law, there is strong question about how much the $787 billion program boosted employment. One thing is certain: it stimulated a great deal of news coverage, and the broadcast networks boosted support for it in turn.
Since Obama signed the bill on Feb. 17, 2009, ABC, CBS and NBC served as unofficial supporters of what NBC called “President Obama’s stimulus cavalry.” The three major evening news shows covered the package on average once every other say. But barely more than...
$787 Billion Reasons Why Journalists Love the Stimulus
What's really going to be interesting is when municipalities or states are forced to file Chapter 9. Then Progressive gov'ts are going to be between a rock and a hard place; double or triple existing taxes or slash gov't and deflate public sector union contracts. Which will be chosen? Massive civil unrest from the working public or work stoppages from a favored base?