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Thursday, July 09, 2009

Doubts About Obama’s Economic Recovery Plan Rise Along With Unemployment

Doubts About Obama's Economic Recovery Plan Rise Along With Unemployment

My take: We won't know if this recovery plan is working for several more months, unless not until the end of the first quarter next year. Right now we are dealing primarily with speculation and politics. I have no clue if it will actually work, but I think it's reasonable to say no one really knows right now. Remember, the vast majority of us missed the coming of this downturn and even most top economists -- conservative and liberal -- did not predict how steep it would be. Why should anyone of us speak with certainty that they know what's going to happen next or what willor won't work? I wish there was a way to remove the politics from something as important as this, though I know that's going to happen any time soon.

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