Pasadena Chamber of Commerce

http://www.economy.com/mark-zandi/documents/Economic_Stimulus_House_Plan_012109.pdf

Mark Zandi of Moody’s wrote the whitepaper on the American Recovery and Reinvestment Act in January. His conclusions: it will work, but it will take more money and more stimulus to avoid sinking into a full-fledged depression.

Interesting reading. The background information makes it clear things are very distressed on all fronts.

Paul