Stimulus bill was an excuse

This is a 2x8 mosaic of the dome of the US Cap...Image via Wikipedia
Jeffrey Miron--Why the Stimulus Hasn't Helped

...

That the Administration and Congress chose the particular stimulus adopted suggests that stimulating the economy was not their only objective. Instead, the Administration used the recession and the financial crisis to redistribute resources to favored interest groups (unions, the green lobby, and public education)
and to increase the size and scope of government.4 This redistribution does not make every element of the package indefensible, but even the components with a plausible justification were designed in the least productive and most redistributionist way possible.

...

This is consistent with what I have been arguing for some time.  The bill was an excuse to pass on money to democrat constituency groups.   Now we know for a fact that doing so will not benefit the economy there is no further need to listen to Democrats on their big spending policies.
Enhanced by Zemanta

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

29 % of companies say they are unlikely to keep insurance after Obamacare

Bin Laden's concern about Zarqawi's remains