Analysis: Stimulus Money To Take Longer To Work

By: Associated Press
By: Associated Press

WASHINGTON (AP) -- A congressional analysis says that President Barack Obama's economic stimulus plan would flow into the economy a little more slowly than he predicted.

The study says almost two-thirds of the $816 billion would hit the economy over the next year and a half. That would fall short of the 75 percent the Obama administration promised would be spent by October 2010, though that's faster than what a previous study by the Congressional Budget Office had suggested.

The new estimate applies to the House version of the measure slated for a floor vote on Wednesday.

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  • by yeah right on Jan 27, 2009 at 06:14 AM
    it isn't suprising that even with a new president nothing is still getting done. The president can talk all he wants but it all comes down to congress/h.o.r. wouldn't suprise me if not much changes under Obama. I hope it does but I am not holding my breathe.
  • by anon Location: cs on Jan 26, 2009 at 08:34 PM
    here's a crazy thought, how about using gift cards that expire - must be used at stores- cannot be used for cash. A govt issued mastercard concept. Use it or lose it.
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