The $787 billion stimulus package: too big and too late?

The Great Recession appears to be ending. Everyday there are more and more signs that the deepest recession in the post-war era is bottoming out, and that a recovery is about to begin.
If the recession is ending, what role did the massive fiscal stimulus package contribute to halting the economic slide?

Back in February, when it seemed that the economy was imploding, Congress approved the Obama Administration’s hastily concocted $787 billion program to stave off the downturn, create jobs and boost output over the foreseeable future.

This historical package of government spending came fast on the heels of the Treasury and Fed intervention into financial markets.

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