Budget office sees stimulus’s gain as short term

The image at right [click here for a clearer image] is from the Congressional Budget Office. Note that it predicts a sharp economic turnaround very soon–at about the end of this year. Note also, that it predicts that the entirety of the stimulus’s benefit will be felt between 2010 and 2012, with no benefit to the economy after 2012.

Because the stimulus is about short-term gain, anyway, perhaps this is not damning, but I don’t think a chart like this helps the White House justify the largest spending bill in history.

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