The Big Picture: The Stimulus

Tuesday, September 28, 2010

For this week’s edition of The Big Picture, Michael Grunwald, Senior Correspondent for Time magazine, discusses the American Recovery and Reinvestment act of 2009—the stimulus bill—which Republicans have called 'too much government spending' and 'not enough' by many Democrats. He’ll explain what the stimulus bill called for, where funds have gone, and how effective it has been in boosting the economy and creating jobs.


Michael Grunwald

Comments [9]

JP from NJ

Ed from Larchmont , in all due respect, adding 50 million more people in this country would help? Do you really believe that? That’s 50 million more people that will be on social security and Medicare. That’s also 50 million more people potentially taxing the system on Medicaid, welfare, public housing and food stamps… Schools need to be filled? What planet do you live on? I only read about and see schools being over filled, not under. And the private insurance system is only getting more expensive as population grows, not more efficient and cost effective. Try paying 100% for your own health insurance and you’ll see every year it goes up. Your argument is beyond flawed and short sighted. Otherwise by your logic it would be even faster if we just open up the doors to Canada and Mexico to working age people and make them instant legal citizens to solve all our economic problems…

Sep. 28 2010 01:03 PM
Michael from Manhattan

paulb from Brooklyn: Google 30 year us treasury bond rate. It's 3.65 percent. That sounds pretty cheap to me.

Sep. 28 2010 12:59 PM
Michael from Manhattan

LL from UWS: The big difference between public and private sector jobs is 8% to 25% of the cost of the project goes to someone who did nothing but invest money into the company. That's called profit and it is a sacred cow in this country.

Sep. 28 2010 12:56 PM
paulb from Brooklyn

What interest rate are we paying on the borrowed stimulus money?

Sep. 28 2010 12:53 PM


this is the clearest thinking I have heard about about healing our economy - we have fundamental issues but they aren't going to be fixed in any ivory tower. I hope he has the president's ear.

Sep. 28 2010 12:52 PM
Michael from Manhattan

The Crash of 1929 occurred two years before the presidential election that FDR won. If Bush had been president for two years after the last crash there wouldn't be a Tea Party, or a Republican president for then next 20 years either. Now we have disaster facing us, and all we got was Health Care Reform that will probably be repealed before most of its provisions take effect.

Sep. 28 2010 12:50 PM
james andrea from Union City, NJ

Please distinguish between the stimulus and TARP "bailout" - the so-called rescue of Main St. and Wall St.

Sep. 28 2010 12:48 PM
LL from UWS

Jobs are needed, but what is the difference between private sector jobs vs. government jobs?

I ask because Rick Lazio (R-ex candidate for NY-Gov) called in to Brian Lehrer's show to say he's pushing candidates to say what they will do to create 'private sector jobs'............

Sep. 28 2010 12:43 PM
Ed from Larchmont

Stimulus or not, the problem is that the economy is showing the results of lacking 50 million young people who would be paying into social security, medical insurance, filling schools, etc., who aren't here because of abortion.

Sep. 28 2010 08:23 AM

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