Posted by Supervisor Brad Mitzelfelt at 12:00 am on Jun 14, 2009 Comments Off on Is Stimulus ‘Shovel-Ready’ After All?
There’s a massive government program that has been sold to the
American people with the help of a whole lot of shoveling by the
Obama Administration and the Democrat-controlled
Congress.
I’m talking about the “stimulus” program, which was supposed to
get “shovel-ready” projects built right away, giving an immediate
shot in the arm to the economy.
It’s no wonder, of course, as many a president elected during
(and therefore almost invariably because of) economic downturns
has, during his first 100 days, spent immediate political capital
on stimulus. Our current situation has been no exception as
job losses and personal net worth are declining at a pace not seen
since the late 1970s. The national economy continues to lose
jobs at a breathtaking speed, with about 1.5 million jobs lost just
in the time since President Obama entered office.
The President’s Keynesian proposal to jumpstart the economy is
ambitious in one dimension – size. The $700-billion-plus
“stimulus package”, called the American Investment and Recovery
Act, was sold as a “shovel-ready” plan intended to employ many of
those out of work in… Read More