I'm wondering if Eric Samuelsen's ("More stimulus needed," Readers' Forum, July 12) "reputable, non-partisan economists" who agree that President Obama's stimulus was a success are the same Keynesian economists who told us that the stimulus was needed to keep unemployment under 8 percent (it's currently 9.2 percent and has increased in May and June) and the same ones who consistently provide incorrect forecasts of job creation, housing market conditions and other economic indicators, each month saying that the actual, dismal numbers were "unexpected."
Is the Congressional Budget Office reputable? They say that each job created by the stimulus cost about $228 thousand. Is that a success? Is Evergreen Solar a success? This company received $58 million in stimulus funds and is now nearing bankruptcy, even after moving their operations and jobs out of the United States to China.
Over $4 trillion added to our deficit in less than 3 years is not a problem, but a symptom? I have to agree with the "other" economists who say that we must cut spending now.
Brian T. Bawden
West Valley City