Four out of five economists agree: The stimulus created jobs
The latest Chicago Booth poll of economists focuses on the 2009 stimulus. 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.
The remainder in each case came from economists who didn’t answer the question. Brad DeLong is encouraged.
Related: The stimulus bill, three years later.