Economic stimulus measures unconventional

Townhall Staff

Jun 29, 2011 9:21 AM Jun 29, 2011

Opinion

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Stuck with a glacial pace of economic recovery and little likelihood that Congress will approve more stimulus, the White House has been resorting to some unconventional measures to try to boost growth.

Last week’s decision to join other oil-consuming nations in releasing 60 million barrels of premium crude onto world markets to lower the price of fuel was widely viewed in economic circles as a first effort of that kind to stimulate the global economy. High fuel prices have been dragging down economic growth as well as the political prospects for incumbents from Washington to Tokyo.