Does Stimulus Spending Work?
With unemployment stuck at 9 percent, Americans are clamoring for the government to do something about the economy. President Obama proposed the American Jobs Act in September. Among the proposals in the $447 billion bill is a slew of new stimulus spending, much of it targeted towards modernizing schools, improving transportation infrastructure, and funding teachers and first responders in local communities. The bill has critics who are skeptical of the effectiveness of stimulus spending to create jobs and jump start the economy. Here's the Debate Club's take on the stimulus question.
The Arguments
No — Weak unemployment numbers prove stimulus spending does not work
VERONIQUE DE RUGY, Senior Research Fellow with the Mercatus Center at George Mason University Comment
No — Stimulus spending during a time of major national deficit does more harm than good
CHRIS PAPAGIANIS, Former Special Assistant for Domestic Policy to President George W. Bush Comment (1)
Yes — Stimulus works, but only when it is big enough
DEAN BAKER, Economist at Center for Economic and Policy Reasearch Comment
Yes — Partisan politics gets in the way of stimulus creating jobs
TAMARA DRAUT, Author of "Strapped: Why America's 20- and 30-Somethings Can't Get Ahead" Comment (1)
Yes — Stimulus spending creates jobs
HEATHER BOUSHEY, Economist at Center for American Progress Comment (3)













