NABE Economists on Stimulus: No Impact!

J.D. Foster /

During the debate on and after the Obama economic stimulus bill  even some conservative economists were arguing the bill was needed to stabilize the economy.  Similar arguments followed every successive “jobs bill” Congress has enacted, despite the growing embarrassment of self-indictment implied by these bills.  It appears the economics profession may have relearned a lesson

According to the latest survey of its members by the National Association of Business Economists:

The vast majority (73%) of respondents reported the fiscal stimulus enacted in February 2009 has had no impact on employment to date. While 68% also believe a jobs bill, such as the one recently enacted into law, will have no impact on payrolls, 30% do believe it will boost payrolls moderately.