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