SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: LindyBill8/4/2009 5:28:42 AM
5 Recommendations  Read Replies (1) of 793914
 
Why the Stimulus Isn't Working [Mark Hemingway]

Derek Thompson over at The Atlantic highlights this interesting factoid about the stimulus, complete with graph:

>>>The best explanation I've found for why the stimulus didn't work is this graph from the GAO analysis of the stimulus act. It shows pretty clearly that the 76 percent of stimulus spending through the first four months went to fill in the gaping holes in Medicaid and state budgets. In other words, the stimulus isn't acting like a pole vault lifting job creation above the baseline. It's been acting like a crutch to keep state budgets and payrolls from tumbling.<<<

Color me shocked. I realize there are people that think it's a noble goal, but spending billions preserving the status quo in government over the next four months while America bleeds jobs is most certainly not the rationale given to the American people who were told there was an immediate need to railroad through an economic stimulus.
The Corner on National Review Online (3 August 2009)
corner.nationalreview.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News