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18:57
Is the stimulus stimulating?
According to Robert Nabors, deputy director of the Office of Management and Budget, the job loss rate is slowing – even though June saw the loss of 467,000 jobs. Other indicators such as durable goods are on an up turn. Yet, the daunting numbers are leaving Americans wondering if the $787 billion stimulus plan is actually stimulating the economy. Though there isn't any official discussion about a second stimulus plan, there are some murmurs. Larry talks to Neil Irwin of The Washington Post and listeners about the mixed bag of economic indicators.
According to Robert Nabors, deputy director of the Office of Management and Budget, the job loss rate is slowing – even though June saw a loss of 467,000 jobs. Other indicators such as durable goods are on an up turn. Yet the daunting numbers are leaving Americans wondering if the $787 billion stimulus plan is actually stimulating the economy. Though there isn't any official discussion about a second stimulus plan, there are some murmurs. Larry talks to Neil Irwin of The Washington Post and listeners about the mixed bag of economic indicators.
Neil Irwin, National Economy Correspondent for The Washington Post