Category Archives: Stimulus Impact

Jobs Saved: PR or Fact?

Posted on November 6, 2009 by John Taylor

While the unemployment rate continues to rise–to 10.2 percent in October–the debate over the “jobs saved” concept also continues, most recently on last Sunday’s Meet the Press with host David Gregory asking Treasury Secretary Timothy Geithner whether the concept is … Continue reading →

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National Accounts Show Stimulus Did Not Fuel GDP Growth

Posted on October 30, 2009 by John Taylor

Along with the news that real GDP growth improved from -0.7 percent in the second quarter to 3.5 percent in the third quarter, the Bureau of Economic Analysis (BEA) released detailed National Income and Product Account tables yesterday, which received … Continue reading →

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Despite claims, data continue to show small impact of stimulus

Posted on October 24, 2009 by John Taylor

Debate about the impact of the $787 billion stimulus continued this week. “Thanks largely to the Recovery Act,” Larry Summers argued, “we have walked a substantial distance back from the economic abyss and are on the path toward economic recovery.” … Continue reading →

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Is the Stimulus Working?

Posted on September 20, 2009 by John Taylor

My recent Wall Street Journal column with John Cogan and Volker Wieland looked at the data available so far and concluded that there has been no noticeable impact. CNBC’s Steve Liesman takes the other side in a debate with me … Continue reading →

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