Did the Fed undercut Obama's stimulus?

No. No. No. No. No. No. No.

Ben Bernanke
(Image credit: (Alex Wong/Getty Images))

Responding to my argument that Obama's stimulus was a qualified success, Ramesh Ponnuru argues it was anything but — and that I completely missed the Fed's role in making it worthless. The stimulus didn't work, he says, because it was undercut by the central bank:

On the fifth anniversary of President Barack Obama's fiscal stimulus, defenders of the policy were out in force making the case that it worked. Most of their arguments failed to address the strongest reason for doubting that it did much good.

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.