The Squandered Stimulus

WASHINGTON POST, 7/21/2009 by Robert J. Samuelson - It's not surprising that the much-ballyhooed "economic stimulus" hasn't done much stimulating. President Obama and his aides argue that it's too early to expect startling results. They have a point. A $14 trillion economy won't revive in a nanosecond. But the defects of the $787 billion package go deeper and won't be cured by time. The program crafted by Obama and the Democratic Congress wasn't engineered to maximize its economic impact. It was mostly a political exercise, designed to claim credit for any recovery, shower benefits on favored constituencies and signal support for fashionable causes. Read more at the Washington Post...

Hat tip: John H. Detweiler
John says, "Surprise, surprise!"