Stimulus Fail: "
Why does anyone engage the Stimulus as if it was a serious piece of legislation by the Democrats?
1. President Obama and the Democrats didn’t believe the economy was that bad to begin with and participated in “talking it down” for election purposes and then political purposes.
2. Data suggests that the recession was over in June after Obama became President. We’ve been having a jobless recovery. In fact, we’ve lost jobs. Isn’t it awesome?
3. The stimulus is still not entirely paid out. A good chunk of the money is timed to hit before the Presidential election.
4. Jobs weren’t created. Government jobs and states in over their heads were “saved”, but the gig is up because no further bailouts are forthcoming.
5. The Stimulus paid off vast Democrat constituencies–the unions, the unions, oh, and the unions.
Does any of this create jobs? Why no, no it does not. But that’s the stupid part. It was never intended to create jobs. It was never intended to be anything other that it was: a monstrously huge windfall and payoff for all the big Democrat political donors.
So, by those metrics, the Stimulus succeeded. It’s been a good two years being a Democrat.
Updated: More from Yid with a Lid.
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