Posted on

Stimulus Money Should Have Gone to the Jobless, Economists Say



Share

But in terms of the multiplier effect, it’s likely to pale in comparison to the impact in the spring, when the unemployment rate was much higher and there were real fears the country could experience a second Great Depression.“The more you hit the stimulus button, the less impact you see,” said Scott Anderson, chief economist at Bank of the West in San Francisco. And the hardest hit sectors — dining, entertainment and travel — are unlikely to see much of a boost now, since consumers are wary of going out or live in states like California and New York where …

Read More