Things like this haven’t gotten enough attention:
Here’s a poll of economists conducted by the University of Chicago’s Booth School of Business: “The first question asked whether the stimulus increased employment by the end of 2010. Eighty percent of the polled economists agreed. Four percent disagreed. Two percent were uncertain. The second question asked whether, over the long run, the benefits would outweigh the long-term costs (like paying down the extra debt). Forty-six percent agreed. Twelve percent disagreed. Twenty-seven percent were uncertain.”
Twelve percent is probably pretty close to the crazification factor in economics (I would guess it’s higher but I don’t know for sure).
Yes, the stimulus should have been bigger, I’ll admit.
Add it to the long list of times Obama was merely competent and right, instead of being omniscient and omnipotent.