NBC: Stimulus Started Economic ‘Healing,’ Auto Bailout Was a ‘Gutsy Call’ by Obama

An otherwise straightforward report on bad economic news on Friday's NBC Today cited economist Diane Swonk, who argued government stimulus prevented things from getting worse: “We basically had a massive coronary during the financial crisis….Financial stimulus and monetary stimulus, you know, got us to the stage where we're healing but we're in still in a lot of rehab.” Correspondent Tom Costello set up the sound bite by declaring: “To get things moving, the government has already cut payroll taxes while the Fed has

Posted by on June 3, 2011. Filed under Politics. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.