Stimulus flops - who knew?

It turns out that the stimulus has produced many fewer jobs than claimed.  In some cases, stimulus money produced no jobs at all or simply prevented employees from jumping ship for better pay.

When the histories are written, I suspect that the stimulus (and TARP, and the Federal Reserve's immense expansion of the money supply at a near-zero interest rate) will turn out to have gone mostly to cronies of the powerful.  If this country does not move immediately to rein in and punish graft and corruption and recover ill-gotten gains, we deserve what we're about to get.

Labels: crony capitalism, graft, porkulus, sarcasm

  ¶ 10/29/2009 05:15:00 PM