Why the Stimulus Failed

Discussion in 'Politics' started by The Rabbi, Sep 8, 2011.

  1. The Rabbi
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    The Rabbi Diamond Member

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    From this AM's WSJ.
    The stimulus failed because it was based on the failed notion that gov't could substitute demand fro the private sector. But there is no substitution because the private sector spends money differently from the gov't. Note in this story how one contractor was told to use smaller tiles to inflate the cost so they would use the money up.
    More at the source.
    Review & Outlook:Why the Stimulus Failed - WSJ.com

    For those who say the stimulus prevented Great Depression II, the evidence is simply not there.
    Here is Michael J Boskin showing how Obama failed to deal with the issues he was handed.
    Michael J. Boskin: The Obama Presidency by the Numbers - WSJ.com
     
  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Did it fail?

    If it's purpose was to stimulate the economy, yes.

    But it seems to me it was just a pay off to all Obama Campaign contributors. And in that way it worked just as planned.
     
  3. Truthmatters
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    It did not fail
     
  4. Avatar4321
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    So you agree that it wasnt meant to stimulate the economy but to pay off Democrat contributors?
     
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    The stimulus worked and only right wing partisan hacks say it didnt
     
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    It didn't stimulate the economy.

    But if by claiming it worked you are saying that Obama successfully paid off campaign contributors you are absolutely correct.
     
  7. FuelRod
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    FuelRod Gold Member

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  8. The Rabbi
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    The Rabbi Diamond Member

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    It worked in paying off Obama's supporters.
    It failed in what it was sold as doing.
     
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