US bailouts prevented 1930s-style Great Depression says new study
Jul 28th, 2010 | By | Category: NewsNew study by economists Mark Zandi and Alan Blinder says US economic stimulus averted a worse downturn To Washington conservatives they were egregious examples of “big government” overreach, but the White House’s economic stimulus and bailout policies have saved 8.5m jobs and averted a further slump of 6.5% in US economic output, according to a study by two influential economists.
