Bill Could Overstimulate Economy
The Democratic and Republican disagreements over economic stimulus legislation, and the subsequent stalling of both parties' versions of the bill, may not be such a bad thing for the economy, says UAB economics professor Seung-Dong Lee, Ph.D. "The economy is showing signs of recovery on its own. With the time it would take for a stimulus bill to be voted on and implemented, it could overstimulate the economy if it continues to rebound. If the time is not right, a bill like this could do more harm than good. At this point, I think it would be better for the legislators to wait and see and let the recovery momentum carry the economy."
Contact Jennifer Park, Media Relations, 205-934-3888 or [email protected].
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