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Greenspan: Stimulus package “worked far less than expected”

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Intel's CEO agrees.


This may depend on how much one expected the Porkulus package to actually work.  Many of us scoffed at the Keynesian notion that government spending had a 50% multiplier effect on long-term economic growth, so the stimulus bill demanded and received by Barack Obama actually performed to expectations — an expectation of failure.  Alan Greenspan [...]

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