Oops! Stimulus was a waste of money!

Posted: 3rd May 2010 by Scott @ The Right of a Nation in General Politics

Amazingly, this was found on CNN.  This is something else that is about a week old, but again, I’m running way behind on time with both a new job and a new baby.


The recovery is picking up steam as employers boost payrolls, but economists think the government’s stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday.

In latest quarterly survey by the National Association for Business Economics, the index that measures employment showed job growth for the first time in two years — but a majority of respondents felt the fiscal stimulus had no impact.

So basically, like we all know and predicted, the ~$750 billion spent on the “stimulus” has done nothing and has little to no effect on the economy and its “recovery.”  This can also be seen in a study by Gallup that shows the creation of jobs by the Federal Government significantly outpaces the private sector.

So basically Obama’s effect so far, both with the stimulus and other legislation, has been to shrink the private sector and grow the government.  And don’t think that this just happened to be a side effect of his actions – it is the goal.

  1. GreenClover says:

    I’m shocked to hear our tax dollars were wasted. Our decade old politicians are so wise to know more that us on what is in our best interest. Vote November if you have any doubt about America’s future, is all that I can add.

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