The Economic Gap That Economists Who Saw the Housing Bubble See

by

In an article discussing the concern of many liberals that the stimulus package was not large enough, the Post describes the output gap as $2 trillion. Actually many economists have put the gap in GDP over the next two years at more than $2.5 trillion. In fact, this figure is consistent with the Congressional Budget Office's projections as well.

--Dean Baker

TAP depends on your support

We’ve said it before: The greatest threat to democracy from the media isn’t disinformation, it’s the paywall. When you support The American Prospect, you’re supporting fellow readers who aren’t able to give, and countering the class system for information. Please, become a member, or make a one-time donation, today. Thank you!