Is the stimulus working? Truth be told, nobody knows
| August 21, 2009 |
And this assessment is from a supporter of the stimulus.
We’ve said all along that the stimulus was more about paying off political supporters and less about actually stimulating the economy. As a result the money was frittered away in hundreds of little programs, and less than one in seven stimulus dollars were allocated for infrastructure construction.
A better plan would have been to split the money three ways: infrastructure construction, investments in manufacturing and small businesses and relief for the unemployed. The first two would have done a lot more to create jobs than paying people to weatherize homes on Indian reservations (which, yes, is part of the stimulus package). And a jobless recovery is no recovery at all.
And these people want to take over health care?