With the one year anniversary of the signing of the stimulus it is useful to review the facts and data as they came in during the year. Here are the relevant posts from Economics One. Most look at actual data and find virtually no impact. The data include the contribution of GDP growth from government purchases versus investment and a comparison of the change in personal disposable income and personal consumption expenditures. The seventh post shows that most people who claim that the stimulus is working actually use the same models they used before the stimulus was passed with no new data.
Is the Stimulus Working? September 20, 2009
Despite Claims, Data Continue to Show Small Impact of Stimulus, October 23, 2009
National Accounts Show Stimulus Did Not Fuel GDP Growth, October 30, 2009
Jobs Saved, PR or Fact? November 6, 2009
From Fiscal Stimulus to Fiscal Anti-Stimulus, January 11, 2010
One Year Later and More Evidence that the Stimulus is Not Working, February 2, 2010
Measuring the Impact of the Stimulus Package with Economic Models, December 30, 2009