Politico has put together a panel to look at the possible impacts of the stimulus bill just passed. Everybody agrees that throwing money at the credit markets problem is a good idea, but they can't agree on who should get the most tossed their way. The spending will certainly provide some stimulus, but it is yet to be seen if it is enough to get the machine rolling again. We really needed this bill in August 2008 if we wanted any chance of avoiding the worst part of this recession.
I do wonder how one might notice the effects locally of this federal largesse. Perhaps there will be fewer potholes, and long-needed bridges will get built? One can dream, right? Hopefully the largest impact will be on confidence and job growth, where the economy has been treading water for almost a decade now.
For what it's worth, I hope the bill is a smashing success, because I really want to see what Obama can get done for healthcare and sustainable energy. If he can get us on course for a rapid move to an electric/solar economy, and make health coverage universal, we will all be better off. Here's to change.
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