"Yes. We do think that the stimulus package is raising GDP and raising employment relative to what would have happened otherwise"
- Doug Elmendorf
About this Quote
Doug Elmendorf's quote recommends that the stimulus plan is having a positive impact on the economy. Particularly, he believes that the bundle is increasing Gross Domestic Product (GDP) and employment levels. This implies that the stimulus plan is assisting to stimulate financial growth and produce tasks. This is a crucial point, as it suggests that the package is having a positive effect on the economy. It is also important to keep in mind that Elmendorf thinks that the plan is having a greater effect than what would have happened without it. This recommends that the package is having a considerable influence on the economy and is assisting to improve economic conditions. Overall, Elmendorf's quote recommends that the stimulus bundle is having a favorable result on the economy and is assisting to promote economic growth and produce jobs.
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