A few days ago, a Congressional Budget Office analysis showed that the “stimulus” package would hurt the economy in the long run. Now, another CBO analysis shows that it’s not even necessary in the short run:
CBO anticipates that the current recession, which started in December 2007, will last until the second half of 2009.
Nevertheless, passing the package is so urgent we can’t even take some time to look at it. Why is that exactly?