What Exactly Was the Stimulus?
James Sherk /
Was the stimulus (A) a job creation bill or, (B) a liberal spending wish list? A new Government Accountability Office (GAO) study suggests that option B is closer to the truth. Small wonder it did not bring unemployment down.
Obama publicly argued that America needed the $862 billion bill to create jobs and singled out “green job” spending as the key to an economic recovery. The stimulus itself, however, looked a lot like not letting “a good crisis go to waste” and pouring public money at liberal special interests.
Remember all the green jobs weatherizing homes that Obama said the stimulus would fund? Because Obama would not waive regulations that benefit unions the Department of Energy has weatherized just 1 out of every 65 homes they planned to. (more…)