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Editorial: Stimulus needs more time to do its work

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We were relieved Saturday to hear President Obama distance himself from Democrats who’ve recently begun agitating for another stimulus package to boost the struggling economy.

Even mild recessions don’t end as quickly as people want them to, and this one has been anything but mild. Indeed, unemployment continues to rise and now sits at the uncomfortably high level of 9.5 percent. But the pace of the monthly job losses has definitely been slowing. At ...

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comments

cs2247
July 14, 2009
8:49 a.m.

[ Flag Post ]

100% agree with article. It is far, far too early to judge the effect the stimulus has had against eight years of trauma inflicted by the Bush Administration. Reasonable non-partisan people understand this. It'll work out. 8-)

artvandalay
July 14, 2009
11:25 a.m.

[ Flag Post ]

Joe Biden had it right. The stimulus has achieved one thing Federal debt now tops $1 Trillion for the first time in US history.

Any stimulus should have been a one time jolt, not a drawn out porkulus spree. It would have been better to give consumers a check.

Sunnie57
July 14, 2009
8:02 p.m.

[ Flag Post ]

The reason President Obama asks for patience is because he KNOWS it's not working. The economy is getting WORSE thanks to Obama and Pelosi.

Of course when the economy finally stabilizes, they will take the credit.

btw, the 9.6 unemployment is really higher than that, because some people have just given up and stopped looking for jobs, so are not counted.

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