Stimulus Tax Cuts Did Spur Growth and Create Jobs

The article Stimulus Tax Cuts Did Spur Growth and Create Jobs starts with the following:

There is a serious debate over the impact of President Obama’s stimulus. Stanford Economics Professor John Taylor, who served as Under Secretary of the Treasury for International Affairs under President Bush, recently released a draft paper that purports to show that the tax cuts that were part of this stimulus had no effect on consumption. The Center for Economic and Policy Research (CEPR) is releasing a paper today that challenges Professor Taylor’s analysis.

If you are a professional economist, maybe you want to click on the link above to read more.

Otherwise, I recommend the article as a good sedative to be read at bedtime.  I could pretty much understand what was being said, but  I also do have a little background in computer modelling and a teeny-tiny understanding of statistics.   I would be willing to bet that for most voters, this will need to be translated into everyday English before they can get too excited about it.  I am not sure “excitement” is really the right word.

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