Not Only Is Stimulus Working; We’re Still Tapping Into It With Lots More To Go
Vincent Terando at TPM proves that it is absolutely false to say the stimulus isn’t working. In fact, much of it hasn’t even been incorporated yet into the economy.
[According to] data from ProPublica, 35% of the government’s $790 billion original fiscal stimulus program (started in early 2009) is still on the way. ‘Tax cuts remaining’ and ‘stimulus money either unspent or in progress’ total $278 billion dollars.
This $278 billion will likely be delivered by the end of 2010, and it’s a huge sum for just four months. Thus the remainder of 2010 will continue to be supported by stimulus, and investors should take note. 2011 is when the economy will lose its training wheels, though an additional round of economic initiatives currently being debated could push the timeline back even further.Click here for reuse options!
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