The most important questions of the August recess may just be: Where are the jobs? What can Washington realistically do to help the situation? With the current party make-up? After the election? National Review Online asked the policy experts.
Since 2008, we’ve had the largest macroeconomic “stimulus” since World War II, but the slowest economic recovery. The government’s stimulus has been much larger than just the $800 billion spending bill passed in 2009. In Keynesian theory, the stimulus has included a total of almost $5 trillion of federal deficit spending since 2008. Despite that colossal stimulus, we’ve had a horrible jobs market and very sluggish growth.
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