CBO estimates

Menzie Chinn invokes the CBO "estimates" to argue against those who say the stimulus didn't work. Did the stimulus help turn the economy around and create jobs?  I'm skeptical on logical grounds but I confess that I do not have strong empirical evidence on my side.

But those who defend the stimulus have no empirical support either. The CBO "estimates" are not an analysis of what the stimulus actually did but rather what some predicted it would do. They have done NO independent non-partisan...