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Even if that's true, by the way, inadequate stimulus and debt relief have inflicted huge, gratuitous suffering.
His inadequate stimulus was slightly bigger than McCain's would have been, so unemployment is about 2 percent lower.
If America passes an inadequate stimulus, but keeps its markets open and coordinatesa global stimulus effort, then the American economy will still benefit.
In the past eight years, several economists have used standard economic models to correctly diagnose the housing bubble, as well as predict the crash of 2008, the subsequent Lesser Depression and the stalled recovery because of inadequate stimulus.
First they insisted that the clearly inadequate stimulus was just right; then they have tried various anodyne slogans nobody remembers, all of which seem to imply that we're doing just fine.
You can argue that Mr. Obama got all he could — that a larger plan wouldn't have made it through Congress (which is questionable), and that an inadequate stimulus was much better than none at all (which it was).
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Amid the inflation hysteria of early 2009, the inadequate-stimulus critics pointed out that inflation always falls during sustained periods of high unemployment, and that this time should be no different.
Democrats have already blasted the plan as favoring the rich and providing an inadequate economic stimulus, but Republicans say it will pump $100 billion into the economy this year and rekindle growth.
The pattern of Ca2+ release was not altered by changing the polarity of the electrodes, or by increasing the stimulation voltage (not shown), suggesting that Ca2+ release failure did not reflect an inadequate depolarisation stimulus.
The Obama stimulus, inadequate as it was, stopped the economy's plunge in 2009.
PAGE A23 PAUL KRUGMAN President Obama's pursuit of bipartisanship, and the cuts imposed by "centrists," have led to an inadequate, insufficiently effective stimulus bill.
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