Jan 15

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Democrats Unveil $825B Stimulus Plan

House Democrats on Thursday released an $825 billion economic rescue plan that aims to alleviate the economic downturn through a combination of $550 billion in spending and state aid, and $275 billion in tax cuts.

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…

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