Acodring to John Seater, an economics professor at North Carolina State University. “It’s ridiculious. It won’t work. It won’t stimulate. Any kind of spending will stimulate the sector of the economy where the money is spent, but I don’t know that these industries are depressed. … You can’t just move somebody over from housing construction to climate research.” People have suggested that reducing marginal tax rate to create incentives for business growth.
John Hopkins University Bruce Hamilton suggested that the price tag is about the right size to plug an expected $1 trillion loss form the U.S. gross domestic product over two years. After that, it doesn’t matter where the money is spent.
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