What effect did TARP have on the economy?
Posted
April 9, 2012 at 4:39pm
· Edited
April 9, 2012 at 4:39pm · Just Curious
Notwithstanding the enormous sums of money doled out and its failure to meet the rosy forecasts of the Obama Administration, how much did TARP reduced unemployment, if any?
- Answer (1)
- · Comment
- · UnfollowFollow (0)
0
Votes
Answer by Ricipedian
Posted
April 9, 2012 at 5:22pm
According to John Lott, TARP increased unemployment. He compares the United States with Germany, France, and Canada, and each spent less and recovered faster. Canada's pre-stimulus experience was particularly comparable to that of the United States. But their per capita stimulus spending was much lower and their recovery faster:
Source: John Lott and Grover Norquist, Debacle, 2012.
Join Ricochet or Sign In to add your comment.