Stimulus Deal Too Late?
I can’t vouch for the veracity of the end dates or the completeness of the data (which are “based on recession timelines from the National Bureau of Economic Research”) but it wouldn’t surprise me at all if this were right. After all, we never know that a recession is over until well after it’s over.
That said, while this recession started in December 2007 (as we found out a year later) the expert consensus seems to be that we haven’t hit bottom yet, much less come out of it. I don’t have much confidence at all that the passage of a stimulus package is going to get the job done — much less that this specific stimulus is the right approach — but I’m pretty sure that it won’t come “too late” in the sense of the problem having already solved itself.