Latest CBO report on Stimulus Act has both good and bad news
The nonpartisan Congressional Budget Office is out with a new
report it calls  the “Estimated Impact of the American Recovery
and Reinvestment Act on Employment and Economic Output From July
2010 Through September 2010.”  Overall, it’s a mixed bag of good
and bad news.  The report says the Stimulus Act has “raised the
GDP, lowered unemployment, and increased the number of people
with jobs.”  But it also says the effects of the act “are now
diminishing.”  The story is HERE.  UPDATE: If your taste for
theories on the “dismal science” (Thomas Carlyle’s disparaging
name for economics) runs to the arcane, you might enjoy THIS
PIECE by Paul Krugman.  But I should warn you: Some of what
Krugman says may not neatly fit your pre-conceived notions about
him, especially if you’re a right-winger who thinks of him as
some kind of Marxist.      1. Here’s some more bad news.
While initial estimates put the stimulus associated increase in
the federal deficit