Monday, April 26, 2010

Economists: Stimulus Didn't Help: No Joke!

We knew that. You and I knew the Stimulus didn't help the economy. We know it has not helped individual families.

In latest quarterly survey by the National Association for Business Economics, the index that measures employment showed job growth for the first time in two years -- but a majority of respondents felt the fiscal stimulus had no impact.

NABE conducted the study by polling 68 of its members who work in economic roles at private-sector firms. About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act, which the White House's Council of Economic Advisers says is on track to create or save 3.5 million jobs by the end of the year.
That sentiment is shared for the recently passed $17.7 billion jobs billthat calls for tax breaks for businesses that hire and additional infrastructure spending. More than two-thirds of those polled believe the measure won't affect payrolls, while 30% expect it to boost hiring "moderately."
There's more. Read it at CNN Money.

Graphic by John C. Williams (cannot identify) and borrowed from The B.S. Report

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