Stimulus saved the U.S. from a second Great Depression, a study shows

07/28/2010 | New York Times (tiered subscription model), The

Without the government's broad intervention in the economy beginning in 2008, the U.S. probably would have fallen into a second Great Depression, with an additional 8.5 million jobs lost, according to a study by Alan S. Blinder, former vice chairman at the Federal Reserve, and Mark Zandi, chief economist at Moody's Analytics. The economists said the gross domestic product would be 6.5% lower this year without the stimulus.

View Full Article in:

New York Times (tiered subscription model), The

Published in Brief: