Biden Gives the Stimulus Plan an A+. Grade Inflation?

Reporing on the delivery of the stimulus money

Thursday, May 14, 2009

Vice President Joe Biden is in charge of implementing the White House’s $787 billion economic stimulus package. In his first quarterly accounting to President yesterday, he gave the Obama Administration an A+, saying immediate financial relief has gone out to Americans and billions of dollars has gone into job-creating projects. Is this a case of grade inflation? Here to report on the report card is Andrea Bernstein, The Takeaway’s Correspondent and Director of the Shovel Watch project. Also joining the conversation is Simon Johnson, former chief economist of the International Monetary Fund, a professor at the MIT Sloan School of Management, and co-founder of the Baseline Scenario blog. He also writes for the Economix blog at NYTimes.com.

"The math around the precise jobs saved is fuzzy and very much open to criticism, but the big picture is the overall financial system is stabilizing."
—Economix blog writer Simon Johnson on stimulus funding

ShovelWatch is a joint project of the non-profit investigative outfit ProPublica, The Takeaway and WNYC. With investigative reporting, interactive features and help from you, we're tracking the stimulus bill dollars from Congress to your community.

In his recent Economix blog post, The First Fiscal Stimulus Worked. Should We Do Another?, Simon Johnson argues that we may need another stimulus package to fulfill the promises of the first. Do you agree?

Guests:

Andrea Bernstein and Simon Johnson

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