Stimulus didn't save the nation from depression

Economists now say the Great Recession ended in June of 2009, when the economy began growing again. And now people are arguing the the trillion dollar American Reinvestment and Recovery Act "saved" us from a worse outcome. Really?

The ARRA was passed in February 2009. The recession ended in June 2009. By the end of September 2009 (after the recession had ended), just $36.2 billion had actually been received, either by agencies that would disburse funds, or directly by individuals.

Do you really believe less than $36 billion in ARRA spending had any meaningful impact?

http://www.recovery.gov/Transparency/RecipientReportedData/Pages/QuarterlySum.aspx?qtr=2009Q3

Stimulus didn't save the nation from depression | detnews.com | The Detroit News