Christina Romer, chairperson of President Obama’s Council of Economic Advisers, said Thursday that the $194 billion already spent from the $787 billion economic stimulus gave a jolt to the economy that contributed to growth in the second and third quarters of the year.
According to the Bureau of Economic Analysis, Gross Domestic Product, or GDP, in the first, second and third quarters of 2009, respectively, were negative 1.9 percent, negative 3.3 percent and negative 3.8 percent. It looks like economic growth got increasingly worse each quarter. Full Piece
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