The "s" word

James Surowiecki wonders why "stimulus" has become a dirty word:

When President Obama unveiled an array of new tax-cut and spending proposals last week, one word was noticeably missing from his speeches: "stimulus." Republicans, meanwhile, energetically set about decrying the plan as "more of the same failed 'stimulus' " and as simply a "second stimulus"—as if the word itself were a damning indictment. The idea of using countercyclical fiscal policy to help get a weak economy moving is hardly...

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Published on September 14, 2010 07:01
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