Gauging effectiveness of stimulus spending is no easy task

10/27/2009 | Wall Street Journal, The

Many federally funded construction projects are still on the drawing board, and economists say it's too soon to tell whether the government's $787 billion rescue package will meet its goals. Assessing the stimulus program's effectiveness depends on imagining how badly the economy might have fared without intervention, experts say -- and that's almost impossible. Still, officials hope the program's impact will become clearer in coming months as job-producing infrastructure projects get under way.

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