“It’s not a bad start.” That’s how David Levy, chairman of the Jerome Levy Forecasting Center described the Obama stimulus package, previewed last week by Rep. David Obey (D-WI), chairman of the House Committee on Appropriations. The American Recovery and Reinvestment Bill of 2009 includes $275 billion in tax cuts and $550 billion in funding for clean energy, science and technology, infrastructure, education, healthcare, and other areas.

Many of the intended recipients were immediately moaning “not enough,” but Obey strongly implied more was in store when he called the bill “the first crucial step in a concerted effort to create and save 3 to 4 million jobs” and transform the U.S. economy.

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