Tuesday, June 9, 2009

Stimulus update

by Gil Weinreich
On Monday President Obama lamented that the U.S. has only spent $44 billion of the $787 billion stimulus in the past four months (during which time unemployment and U.S. indebtedness have only shot up). It takes time to funnel taxpayer dollars to worthless spending projects. Let's give the president a little more time to dissipate the remaining $743 billion. But what will he say when it turns out that shovel-ready midnight basketball does not make an economy grow?

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