In recognition of the fifth anniversary of the American Recovery and Reinvestment Act of 2009, the “stimulus package”, there’s a brouhaha going on over its effectiveness. As will surprise no one Republicans are saying it was a flop. The White House retorts that it saved the economy.
Other than the tiresome reality of where you stand depending on where you sit, how do you judge the effectiveness of the ARRA? There are any number of ways. The White House persistently evaluates it in terms of inputs rather than outputs—that’s consistent with just about every model you’ve ever seen of the effects of the ARRA.
You could judge it by how it was advertised.
I judge it by suitability to task. Did it accomplish what needed to be accomplished? Based on that criterion my evaluation is that it was a failure. If you think it was a success, please include in your response why you think that so many people who have remained unemployed in the long term and possibly forever is a good thing.