Wednesday, January 28, 2009

GOP may vote no, but economists back Obama stimulus

WASHINGTON — Economists think the stimulus plan that the House of Representatives will vote on Wednesday, while far from perfect, will help stimulate the moribund U.S. economy.

There's no panacea for what ails the economy. A stimulus plan will work only in combination with other actions, such as more aid to the banking system to spark lending and boost consumer confidence, and the implementation of any plan will be as important as what's in it.

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