American Recovery and Reinvestment Act -- Sufficient Stimulus?

Gauging Success

Ronnie Davis, vice president and chief economist for the PIA, feels the short-run impact of ARRA should be “slightly positive” in accelerating the recovery and shortening the duration of the recession. The degree of success, according to Davis, hinges on four elements:

• How much of the package is composed of spending on goods and services or tax cuts that result in actual economic output (Gross Domestic Product)?