I wish I still had the piece posted here on freepers (I think it originally was posted over at the Daily Beast) that explained how the stimulus was put together. No wonder it didn’t work.
I regret I didn’t save it.
IIRC, basically Pelosi and David Obey told their members to pull out every half baked “wish list” project in their desk drawers (that wouldn’t survive the light of day when GWB was in office) and hand them over. This was going to be their chance to get these loser projects funded. Indeed, these were projects that the governors of their own states had refused to fund out of their budget!
I wish I still had that article. Knew right then and there this would be a disaster.
meh
Pet projects to buy votes or to get someone’s name on an edifice very rarely produce any wealth or long term employment whereas public sentiment built upon an expanding workforce and money in the pocket always produces a healthy vibrant economy, more tax income which in turn, if managed right, produces a reducing deficit!
If the stimulus had been put in the hands of the people you would already be seeing a some financial return to the government in increased tax revenue from more people being in work and from increased company returns.
Mel