Skip to main content

Stimulus Working?


President Obama's top White House economic adviser said today that consumer spending in the United States appears to have "stabilized," and he urged business leaders to show "more optimism and more confidence" in their investment decisions.

Lawrence H. Summers, director of the National Economic Council, said a $787 billion economic stimulus package that Obama signed into law last month is starting to have an impact, saving thousands of jobs, providing continued unemployment insurance and health benefits to several hundred thousand workers and initiating tens of billions of dollars worth of infrastructure projects.

Wonder if the next winger critique will be a) That it's not working fast enough or b) It's working too well.