Changes

[[Image:Stim1.jpg|thumb|380px|Cartoonist Chuck Asay summarizes the debate]]  

[[Image:Stim1.jpg|thumb|380px|Cartoonist Chuck Asay summarizes the debate]]  

The economists are pessimistic about the economy, predicting it will shed another 2.8 million jobs over the next 12 months as the unemployment rate climbed to 9.5% in June 2009, and the GDP fell at an alarming -6.4% annual rate in the first quarter of 2009. Economists see a one-in-six chance that the U.S. will fall into a depression, defined as a decline in per-person GDP or consumption by 10% or more.  They give equally poor marks to the efforts of other countries to end the recession.

The economists are pessimistic about the economy, predicting it will shed another 2.8 million jobs over the next 12 months as the unemployment rate climbed to 9.5% in June 2009, then hit 10,2% in October, as the GDP fell at an alarming -6.4% annual rate in the first quarter of 2009. Economists see a one-in-six chance that the U.S. will fall into a depression, defined as a decline in per-person GDP or consumption by 10% or more.  They give equally poor marks to the efforts of other countries to end the recession.

The economists, however, were broadly supportive of the Federal Reserve. Over 85% agreed that its proliferating lending programs are well-designed, well-executed and helping the economy.

The economists, however, were broadly supportive of the Federal Reserve. Over 85% agreed that its proliferating lending programs are well-designed, well-executed and helping the economy.