OBAMA’S STIMULUS WORKED — ACCORDING TO ECONOMISTS

Mark Zandi, chief economist at Moody’s Analytics (and former John McCain advisor), and Alan Blinder, a former Vice Chairman of the Federal Reserve and a Wall Street Journal columnist, inform us that the TARP bailout of Wall Street and the economic stimulus package WORKED.

Without both of these hotly debated actions our national GDP would be 6.5% lower this year, the dollar would be experiencing deflation, and we’d have 8.5 million more unemployed.  “While the effectiveness of any individual element certainly can be debated, there is little doubt that in total, the policy response was highly effective,” according to Zandi and Blinder.

Forty economists have signed an economic manifesto, calling for more stimulus spending in the near term.  Click here to check-it-out.