On Stimuluses In General

Wednesday, June 10th, 2009 | stocks with 2 Comments

The Obama administration is facing plenty of heat over the fact that only 5 percent of the stimulus’ near 800 billion dollars has been spent to date. But let’s look at hard numbers here. February 14th 2009 the stimulus package passed with the Dow closing at 7550. Yesterday the Dow Jones ended the day near 8730. Naturally many would not attribute this to stimulus spending but a close look at investor confidence manifests a huge jump since March. This is due to the fact that although most of the stimulus has yet to be put in place, its short term benefits have occured with little side effects. More and more people according to Gallup.com believe the sate of the economy is getting better and the disparity between the percent of people firing and hiring is shrinking rapidly. Much of the stimulus is due to be spent this summer as Obama has pledged to speed up it’s spending but the positive psychological impacts of the package are what have benefitted the economy and are pros about the stimulus that should not be overlooked.


Comments

  1. 1
    I Make Thousands of Dollars a Month Posting Links on Google from Home // June 12th, 2009 at 2:51 PM

    Hey, nice post, very well written. You should blog more about this. I’ll definitely be subscribing.

  2. 2
    I Make Thousands of Dollars a Month Posting Links on Google from Home // June 12th, 2009 at 4:24 PM

    Hey, great post, very well written. You should post more about this.

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