Turnaround Management Association

Economic Stimulus Comes Up Short, Say Turnaround Experts

Published in Lab Law Weekly, March 13th, 2009

Infrastructure spending and business tax benefits contained in the $787 billion economic stimulus plan are most likely to kick start the economy, but not for several months, according to turnaround experts.

In the Turnaround Management Association's poll of 33 Opinion Leaders, 42 percent agreed that spending on infrastructure and technology improvements would do the most good for the economy in the shortest time. Another 30 percent said business tax benefits were the most promising element.

Many said the plan does not go far enough to stimulate the economy because it lacks substantial tax cuts and measures needed to unclog credit so businesses can...

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Source: Lab Law Weekly (2009-03-13)

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