Politicians traditionally fail to recognise recessions in time, and then take too long to enact stimulus.
For the moment, fiscal policy seems unlikely to deliver the two things America needs most from it: near-term stimulus and long-term reform.
And finally, they must design a fiscal plan than includes both short-term stimulus and real long-term deficit reduction.
The lift in May income from the one-time Social Security stimulus payments has long past and personal income fell to 1.3% in June.
Robert Byrd, D-West Virginia, from the stimulus bill as long as Republicans allow Democrats to bring it up in the Defense Appropriations bill.
Fabian Society general secretary Andrew Harrop said there was "an unanswerable case for an immediate stimulus package followed by long-term fiscal discipline".
The nearly complete focus of the subsequent Congressional energy and climate debate on the primacy of carbon pricing may have ultimately prevented meaningful debate on how to optimize and extend the critical, comprehensive clean energy investments begun under to stimulus and enact a long-term investment strategy to strengthen clean energy competitiveness.
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But leave the stimulus in place for too long, and they risk damaging long-term growth prospects.
The central bank has also expanded a key stimulus measure aimed at keeping long term interest rates low.
Investors no longer believe that stimulus measures will produce the long-awaited recovery.
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Specifically, economists and traders will be looking to see if the Fed announces a new form of stimulus, such as buying long-term Treasury bonds.
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Discussion of how the U.S. will pay for the stimulus and what inflationary effects the stimulus might have in the long run were both notably absent from President Obama's White House press conference Monday night.
The snag for the Republicans is that they will have to decide on whether or not to allow the stimulus package to go through long before it is clear whether any attempt to get to grips with budget reform will bear fruit.
Too much public borrowing may raise long-term interest rates, offsetting the stimulus in a milder way.
More important in the long term will be the supply-side stimulus that China could give to developed economies' growth.
We believe there is opportunity for multiple expansion, given long-term growth opportunities, leverage to stimulus spending, and potential for positive EPS revisions.
These monetary stimulus policies have pushed intermediate- to long-term interest rates lower than they would be otherwise.
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Abe has pushed both fiscal and monetary stimulus strategies to help Japan end a long bout of deflation and support domestic demand.
But many in the city would still agree with Mr Osborne, that the short-term benefit for the economy of any stimulus would be small, and the long-term costs for the government's credibility rather large.
On Nov. 9, China's State Council announced its long-awaited--and much needed --stimulus package.
There's a lot of doubt surrounding this package: Will the stimulus be detrimental to the economy in the long run?
This is making Paul Krugman very happy, because he can point to bond market approval for the fiscal and monetary stimulus of the Obama administration that he has long championed.
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In other words, the perceived benefits of the increased fiscal and monetary stimulus measures likely can be outweighed by their potential long-term costs.
As the Washington Post reports, advisors like Christina Romer, who favored a much bigger stimulus bill to create jobs in 2009, are long gone.
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Despite the monetary stimulus from the Federal Reserve and the fiscal stimulus from the federal government, Weiss foresees a long, drawn-out bear market similar to the one Japan has been in since late 1989.
The danger with this form of stimulus is twofold: First, it takes too long for the government spending to kick in, and second, spending may easily focus on pork-barrel projects that have little inherent value.
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It is hard to give up stimulus, because the immediate consequences are painful, but long-term gain has to be purchased by short-term discomfort.
The question being asked by economists today is if recent massive global government stimulus under already strained deficit condition can result in larger long-term problems than the short-term problems it is intended to solve?
One, much of the stimulus money for infrastructure is going into repaving roads instead of long-term projects such as water infrastructure, which is in woeful shape.
The new stimulus measures used by the US and other governments would only bring long-lasting effect if the pointed micro and macro enhancements were processed too.
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