Monday, April 26, 2010

Economist Survey Says Stimulus Didn't Help

NEW YORK (CNNMoney.com) -- The recovery is picking up steam as employers boost payrolls, but economists think the government's stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday.
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.

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The stimulus package did only one thing -- dig us a bottomless pit of debt! Eventually, it will drag our economic vitality into that same bottomless pit.