CHART: ‘Life Without Stimulus’ — The U.S. vs. The U.K.

[ProSense]

CHART: ‘Life Without Stimulus’ — The U.S. vs. The U.K. (Think Progress)

At Tax.com, Martin Sullivan rebuts those who claim that the 2009 Recovery Act (i.e. the stimulus) did nothing to boost the economy. “Republicans constantly remind us that the Obama stimulus — the American Recovery and Reinvestment Act of 2009 — did not work. They voted against it. In the United Kingdom the government is led by Conservative Prime Minister David Cameron. His government did not adopt stimulus,” Sullivan noted. “After three and a half years, U.S. GDP is just about returning to the pre-recession peak. That’s awful. But it’s far better than the U.K. where GDP is still five percent ($750 billion in US terms) below its pre-recession peak.”

[Ian David]

1. Needs to be compared to Germany, where IIRC they had Stimulus Plus. n/t

[ProSense]

2. The

point was to counter Republican claims. No one who supports stimulus is arguing that more stimulus would hurt.