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President Obama signed the enormous 'stimulus package' into law today in Denver. This experiment no doubt does include some beneficial measures, most of which would have been more appropriately handled in the regular appropriations process.
The downside is the huge addition to the debt in the coming years, plus the potentially dramatic policy changes involving health care, welfare, ACORN, and other areas that most people don't expect to find in an economic 'stimulus' package.
As for the overall impact, only time will tell. Sooner or later, the economy will improve, though the huge spending can have both positive and potentially serious negative impacts. (We probably have not seen the last of the pig.) Politically, the impact will depend on the timing of the effects of this huge spending measure and whether the Republicans can effectively communicate an alternative economic vision to the American people (over the heads of the Old Media).
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