> > With Congress moving closer to adopting a $820 billion stimulus package and > the Obama administration poised to unveil a new bank bailout plan, > economists say that the federal government is taking its biggest role in the > economy in a generation. > > States that once aspired to blaze trails independent from Washington are > turning to it for money, banks and businesses that once decried regulation > now are seeking federal capital, grants or tax cuts and individuals are > looking for tax relief. > > "This is a seismic shift in the role of government in our society," said > Allen Sinai, chief global economist for Decision Economics. "Those who > believe the government can be an effective, positive instrument for good > will have another chance to try it," said Sinai, a political independent. > > While economists remain divided on the role of government generally,* an > overwhelming number from both parties are saying that a government stimulus > package -- even a flawed one -- is urgently needed to help prevent a steeper > slide in the economy. * > > Many economists say the precise size and shape of the package developing in > Congress matter less than the timing, and that any delay is damaging. > -- http://www.washingtonpost.com/wp-dyn/content/article/2009/02/07/AR2009020702159.html?wprss=rss_politics
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