A picture is worth a thousand words, especially when it comes to the US Congressional Budget Office’s latest estimate of the impact of the American Recovery and Reinvestment Act (ARRA) of 2009 on the economy.
Is the optimism reflected in the graph perhaps too encouraging?
As an aside, Tom Toles (The Washington Post) has his own ideas regarding the shape of things to come.
Sources:
Congressional Budget Office (hat tip: Asha Bangalore, Northern Trust – Daily Global Commentary, March 3, 2009).
Tom Toles, The Washington Post, March 4, 2009.
