Happy Birthday, Stimulus

Today is the anniversary of the American Recovery and Reinvestment Act, commonly known as the stimulus package. Thankfully, it’s working to bring jobs to working families and stabilize our fragile recovery.

Just ask mainstream thinkers like David Leonhardt, the New York Times’ economics reporter. Or non-partisan economy observers like Moody’s or the Congressional Budget Office. Or MinnPost.com’s self-described deficit hawk, Eric Black.

You can also ask the 200,000 North Carolinians the stimulus kept out of poverty, too, of course.

We need more, not less, federal support for the recovery. That includes state fiscal relief and aid for working families. Both have proven again and again to be the right prescription for sustainable growth.

2 Comments

  1. Daoud

    February 17, 2010 at 10:26 pm

    Was it really worth borrowing $1 trillion from the Chinese in order to create make-work, short term jobs? Why not create a positive business climate that makes companies want to hire people? It is because of this overreaching government wanting to control every aspect of our lives – where we live, what we eat, what kind of car we drive, how many children we have, where we get our health care and who is allowed to be treated and who must be placed on pain management and hospice.

  2. Jeff

    February 17, 2010 at 10:41 pm

    Why not create a positive business climate that makes companies want to hire people?

    That’s more or less what they’re trying to do. The last administration turned surpluses as far as the eye could see into devastating deficits, consumers and companies stopped spending, and the economy collapsed.

    The stimulus is an attempt to — in your phrase — “create a positive business climate that makes companies want to hire people.”

    this overreaching government wanting to control every aspect of our lives

    C’mon, now. That’s just silly, and shows a lack of perspective on what an actually oppressive government does.

    Tax incentives to help businesses create jobs are not the same thing as controlling where people live. Subsidizing health care for the poor does not mean people can’t pick their own doctor.

    And as for controlling how many children you have, you must be thinking of China — or at least missed the post below this one, where we come out in favor of the Child Tax Credit.