https://hotair.com/headlines/archives/2013/02/01/what-if-stimulus-works-but-only-in-theory/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 01:00:41 -0400<![CDATA[Since the financial crisis hit, we have borrowed and spent $5.7 trillion, or 41% of 2008 GDP (7.8% of total GDP over the period). That is an enormous sum. Presumably, it has raised output somewhat higher than it otherwise would have been&#8211;just as an accounting identity, it would almost have to&#8211;and yet it has left us with unemployment in the range of 8%, and per-capita GDP that is still below the pre-crisis trend. How much would have been needed to force that growth back up to trend?]]>Fri, 01 Feb 2013 16:20:10 -0500<![CDATA[Allahpundit]]>https://hotair.com/headlines/2013/02/01/what-if-stimulus-works-but-only-in-theory-n99786