Stimulus plan might not work

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	Stimulus plan might not work

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1-13-2009 1:18 AM

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<H1 class="headline">Here's a happy thought: Stimulus plan might not work</H1></DIV></DIV></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mcclatchydc.com/economics/story/59315.html"><P xml:lang="en-US">WASHINGTON — Economists say a stimulus package is desperately needed. Politicians from both parties insist it'll happen quickly. However, no one can say with certainty that $775 billion of government spending will return the economy to health.            </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mcclatchydc.com/economics/story/59315.html"><P>"We are going to be in this very, very long period of uncomfortably low inflation and uncomfortably high unemployment," Meyer said at the close of a luncheon address, adding the caution, "That's the optimistic forecast."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mcclatchydc.com/economics/story/59315.html"><P>Laurence Meyer, a former Federal Reserve governor who's a respected forecaster, told the National Economics Club on Thursday that he expected the unemployment rate to hit 8 percent later this year and then stay high for an uncomfortably long period of time.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7786B311-ED2A-4D70-860A-AAA3B256328E/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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