Tumblr Icon RSS Icon

Big Stimulus

By Matthew Yglesias

"Big Stimulus"


google plus icon

Ben Furnas runs the numbers on China’s huge stimulus package and concludes that an equivalent stimulus in a US-sized economy would need to be $2.4 trillion. That’s probably more than would be advisable for us, since we are actually in an objectively different situation facing less downside risk from slower growth and also a different fiscal situation that probably doesn’t allow us to spend nearly that much. Still, there’s a big gap between $2.4 trillion and House Speaker Nancy Pelosi’s proposal for a $160 billion stimulus package. Democrats need to think bigger.

‹ Lieberman

White House Office of Urban Policy ›

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.