The AP Concludes that Stimulus Spending Was a Total Waste of Money
AP IMPACT: Road projects don't help unemployment
Jan. 11th, 2010
WASHINGTON – Ten months into President Barack Obama's first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found.
I have argued for more than a year, based on an understanding of the forces which are driving the economic downturn, that Stimulus Spending would fail and constitute a complete waste of money. There is now enough historical unemployment data available to prove to even Stimulus supporters that the program was a disaster. Of course both the theoretical inevitability and the now demonstrated inefficacy will not deter policy makers whose real intent is to achieve social and political goals inconsistent with high employment and economic growth.
Articles relating to the Stimulus Spending Fraud.
Jan. 11th, 2010
WASHINGTON – Ten months into President Barack Obama's first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found.
I have argued for more than a year, based on an understanding of the forces which are driving the economic downturn, that Stimulus Spending would fail and constitute a complete waste of money. There is now enough historical unemployment data available to prove to even Stimulus supporters that the program was a disaster. Of course both the theoretical inevitability and the now demonstrated inefficacy will not deter policy makers whose real intent is to achieve social and political goals inconsistent with high employment and economic growth.
Articles relating to the Stimulus Spending Fraud.
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