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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (496923)	7/21/2009 4:15:55 PM
From: Tenchusatsu	Read Replies (2) of 1571809

RW, > Wasteful spending is stimulus. Non-wasteful spending is smart stimulus. Keep redefining words like Bill Clinton did. Maybe that way we can return to the years of "Clinton prosperity." The Squandered Stimulus By Robert Samuelson realclearpolitics.com WASHINGTON -- It's not surprising that the much-ballyhooed "economic stimulus" hasn't done much stimulating. President Obama and his aides argue that it's too early to expect startling results. They have a point. A $14 trillion economy won't revive in a nanosecond. But the defects of the $787 billion package go deeper and won't be cured by time. The program crafted by Obama and the Democratic Congress wasn't engineered to maximize its economic impact. It was mostly a political exercise, designed to claim credit for any recovery, shower benefits on favored constituencies and signal support for fashionable causes.

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