- Provisions that could (not would, could) add to long-term output are only 20-25 percent of the total cost of this bill.
- CBO estimates that GDP, relative to the agency’s baseline forecast, will increase between 1.4 percent and 3.8 percent by the end of this year.
- Impact on unemployment in 2009 and 2010: an increase of 2.0 - 5.9 million.
How effective are tax rebates? According to conservative economist Martin Feldstein, who supported the October 2008 stimulus, "only about 15 percent of last year's tax rebates led to additional spending."