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Mar
19
2009

The Effects of the Stimulus Package on US Economy

Posted by Vimyrka Plaskett

Is it working?

   
Reply posted on 19 March 2009 03:35 AM
Pierre F

The economic stimulus package was subject to a lot of debate, and it still is.  However, some administration officials feel like the economic stimulus package is already working.  Consumer spending hasn’t begun a huge upswing and return to glory, and there are less personal loans available from major banks, but the consumer spending levels have been holding steady.  Granted, they’ve been holding low, but holding instead of falling, and stocks have been beginning to rebound.  Perhaps these are good signs that the economic stimulus package is doing what it is supposed to.

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