• This is not the government making a major new commitment to the recovery. It’s the government not getting in the way, and maybe doing a bit to help, the horribly slow recovery that’s happening anyway.
• Policy wonk Ezra Klein • Regarding the tax cut deal struck today by The White House and the GOP. Klein likes the thirteen-month extension of unemployment benefits; on the bad side, he cites the effect the deal will have on the deficit. “It’s a lot better than I would’ve told you the White House was going to get if you’d asked me a week ago,” he admits, but still not quite enough to substantially stimulate the economy.  source

Posted by Seth Millstein • Permalink