The recent data is the context for a plan announced last night by the incoming president for a new round of federal stimulus. One of the big questions about the new administration has been what economic action it would take. This announcement is the first detailed look we have had. While the stimulus package is likely to be passed in a different form than currently proposed, it is worth taking a look simply because this plan represents how the administration would like to address the problem. Will the Package Be Enough? To start with, the stimulus proposal is big, at $1.9 trillion. This figure is almost as big as the ... (full story)