Tags: axelrod | stimulus | congress

Axelrod: Effects of Stimulus to Be Seen Soon

Sunday, 15 Feb 2009 10:56 AM

WASHINGTON – President Barack Obama's senior White House adviser says Americans will soon see positive effects of the massive economic stimulus plan passed last week by Congress.

Speaking on "Fox News Sunday," David Axelrod said signs that the $787 billion economic stimulus program is working will be obvious as work begins on infrastructure and other programs that are ready to begin around the country.

Yet, Axelrod warns, it's going to take time for the effects to register in employment statistics and the economy is likely to get even worse before it begins to rebound.

He says he expects the rise of unemployment to be slowed by the bill's passage and implementation.

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