John Merline on the announcement that the recession ended June 2009:
President Barack Obama has often claimed that the $800-plus billion stimulus package helped prevent the recession from becoming another Great Depression.
The trouble is that we now know the recession ended just as the stimulus money started to get spent. According to the White House's own 100-day stimulus report, issued at the end of May 2009, only $45.6 billion in spending and tax relief had gone out the door by then. In...
Published on September 21, 2010 13:26