WSJ article reported that stimulus money spent in "2011 or later" would be ineffective -- but CBO head disagrees

SUMMARY: The Wall Street Journal uncritically reported congressional Republicans' criticism of the proposed economic stimulus bill on the grounds "that much of the money in the package wouldn't be spent until 2011 or later, when a recovery is likely to be already under way." The article did not mention that economists, including Congressional Budget Office director Douglas W. Elmendorf, have said that fiscal stimulus in 2011 or later would be effective in the current economic situation, in which economic output is projected to remain below its potential long after the technical beginning of the recovery.

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