Liberals renew dubious claims for government 'stimulus'

NY Times:

Government Spending, Edging Up, Is a Stimulus


Across the nation, state and local governments are spending on projects that were stalled, and even some federal spending is rising.
It should be clear by now that government spending is not that great a stimulus. The nearly trillion wasted on the Obama stimulus has added debt and become a drag on the economy.   What really stimulated the economy in recent years is private investment in energy production which the government actually opposed.  That has resulted in abundant supplies of energy at cheaper prices which will also help grow the economy.

The US could get more private sector investment if it would revise it tax code an free up the foreign earnings of American companies from confiscatory rates.

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