Did the Stimulus Hurt the Economy?

Although the stimulus money may have helped the economy in the short run (1-2 years), in the near-term it seems to have exacerbated problems by bloating state government spending and postponing necessary cuts. “As part of the 2009 stimulus package, Washington gave the states $150 billion. The states became dependent on a higher level of…

Latvian ‘Robin Hood’

On Thursday I blogged that fiscal stimulus and bail outs may improve economic performance in the short run, but rarely in the long run.  Often these bailouts are accompanied by mandatory salary decreases for key company leadership.  It turns out that these bailouts may not even help in the short run…unless you are a company…