If I were a member of Congress and a Democrat, I would be ramming this down Bush’s throat:
The industry research firm Moody’s Economy.com tracked the potential impact of each stimulus dollar, looking at tax rebates, tax incentives for business, food stamps and expanding unemployment benefits.
The report found that “some provide a lot of bang for the buck to the economy. Others … don’t,” said economist Mark Zandi.
In findings echoed by other economists and studies, he said the study shows the fastest way to infuse money into the economy is through expanding the food-stamp program. For every dollar spent on that program $1.73 is generated throughout the economy, he said.
“If someone who is literally living paycheck to paycheck gets an extra dollar, it’s very likely that they will spend that dollar immediately on whatever they need – groceries, to pay the telephone bill, to pay the electric bill,” he said.
Of course, we all know that numbers have a left-wing bias.
And no, this does not change my mind- I still think any stimulus is pointless right now.