One problem with the stimulus bill is that it is so diffuse, so poorly understood, and so impossible to measure, that it will allow its supporters to claim anything about its effects. If no one knows what is in it, how do you measure effectiveness? Long recession? Those dang Republicans slowed the bill and kept the size too low. End of 2009 recovery? It's because of the stimulus bill (never mind that the money will not have even really been spent). So, in the interests of setting a reasonable baseline, here is the pre-stimulus economic projections:
In case you are not infuriated enough over this bill, remember that Obama is looking at exactly this data when he makes his proclamations of continued economic doom to scare folks into passing his pork-spending liberal wish list stimulus bill. Remember when Obama said "My economic advisers have told me this recession will last 4-5 more months, and then we will start to see a recovery?" Yeah, neither do I. I remember him projecting another 5 million lost jobs. Do you think if he said "the economy will start growing again in 5 months" he could have passed a 10-year "stimulus" bill? Fat chance. Maybe he is the new FDR, but with a new phrase "The only thing we have to promote is fear itself."
Back then, we responded with tax cuts and a focus by the President on reducing the size of government. Twenty-five years of prosperity followed. Today we are responding with a trillion dollars of money for government bureaucrats, increases in welfare, and pork for favored corporations. I am not hugely confident.