Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/how-effective-have-stimulus-pa Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter How effective have stimulus packages been in the past? Economy Jan 28, 2008 11:30 AM EDT Question/Comment: How effective have past stimulus packages been at achieving their objectives and their impact against the estimated consequence of taking no active stimulating role? Paul Solman: Depends what you mean by “achieving their objectives.” Last time around, people spent an estimated 17% or so of their rebate checks, if I remember the estimates correctly. But the economy did emerge from recession, right? So, did the package work? That’s the fascinating (or exasperating) thing about economics – about all human history, I suppose: even after the fact, you can’t really be certain of what happened. And you certainly can’t be certain of WHY. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now
Question/Comment: How effective have past stimulus packages been at achieving their objectives and their impact against the estimated consequence of taking no active stimulating role? Paul Solman: Depends what you mean by “achieving their objectives.” Last time around, people spent an estimated 17% or so of their rebate checks, if I remember the estimates correctly. But the economy did emerge from recession, right? So, did the package work? That’s the fascinating (or exasperating) thing about economics – about all human history, I suppose: even after the fact, you can’t really be certain of what happened. And you certainly can’t be certain of WHY. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now