NEW YORK (Reuters) - President-elect Barack Obama called for urgent passage of a stimulus package to reinvigorate a faltering economy that saw unemployment hit a 14-year high on Friday while U.S. automakers reported billions in losses.
NEW YORK (Reuters) - The transition team of President-elect Barack Obama is considering a swift prepackaged bankruptcy for automakers as an answer to the financial woes of the sector, reported Bloomberg News on Friday, citing a person familiar with the matter.
On the one year anniversary of the passage of the ARRA, it seems appropriate to recap, not what the academics say, but what the business sector forecasters say about the impact of the stimulus package.
The Private Sector Forecasters
I can think of no better graphic to depict the bottom line that this one, originally posted in November.
President-elect Barack Obama pledged quick work Tuesday on an economic recovery plan to include tax cuts and increased federal spending, and told the nation's governors he wants their advice in designing a package to help their hardhit states.