Without stimulus, things would be worse

February 01, 2010

According to your Sunday edition, some business leaders in Baltimore are critical of the Obama administration's stimulus program, arguing that it has not created jobs or helped buoy up the economy ("Business tax-rate impasse emerges," Jan. 31). Most economists from all persuasions agree that without the stimulus we would have unemployment of 14 percent rather than 10 percent and that we would now be struggling with a depression rather than a recovering recession.

I hope that these business leader colleagues of mine who are critical of the stimulus are more clear headed running their businesses than they are making political pronouncements.

Jack Kinstlinger, Baltimore

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