If We Are Even Discussing The Idea That The Stimulus Didn’t Help, There Should Be Massive Outrage
Recent article out saying that most economists believe that the recovery is under way, but it really has nothing to do with the stimulus passed in early 2009. See the following quote:
About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act
This article isn’t meant to debate whether or not the stimulus helped. What I’m here to say is that if there is a chance that it didn’t help (which we can all agree that there is a CHANCE), then we should be pissed. Really pissed. The reason why we should be pissed if the stimulus was nothing less than a slam dunk in terms of effectiveness (which it definitely wasn’t) is simply due to the size of the stimulus.
Yes, I know you’re jaded to large numbers now, but try and stay with me for a second. The President recommending and signing off on $787 billion with Congress passing it as legislation is outright insane. $787 billion is a staggering amount of money. Even more horrendous is the fact that we don’t have the money. We now owe an additional $787 billion and are paying interest on it. Again, lunacy.
This is just another example of the horrendous management and squandering of our nation’s resources (which are the people’s resources). I am so skeptical on the future of this country it is sad. Even more disheartening is the fact that there isn’t more outrage over this behavior. It’s bad enough that our leaders are idiots. It’s much worse when our public is more concerned with who got voted off American Idol last week versus the (mis)allocation of $787 billion of your children’s money.
I’m still searching for reasons to be optimistic…