Tuesday, January 26, 2010

Exclusive: Obama stimulus reduced our pain, experts say - USATODAY.com

Exclusive: Obama stimulus reduced our pain, experts say - USATODAY.com
President Obama's stimulus package saved jobs — but the government still needs to do more to breathe life into the economy, according to USA TODAY's quarterly survey of 50 economists.

Unemployment would have hit 10.8% — higher than December's 10% rate — without Obama's $787 billion stimulus program, according to the economists' median estimate. The difference would translate into another 1.2 million lost jobs.

BUSINESS SURVEY: Slow recovery continues

But almost two-thirds of the economists said the government should do more to spur job growth. Suggestions included suspending payroll taxes for Social Security and Medicare, increasing spending on infrastructure, enacting a flat tax on income and extending jobless benefits. ...

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