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Is the stimulus working? Truth be told, nobody knows

Posted By Tom Jackson On August 21, 2009 @ 4:14 pm In Construction News | No Comments

And this assessment [1]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?

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[1] assessment : http://correspondents.theatlantic.com/richard_posner/2009/08/honesty_about_the_stimulus.php

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