Professor Elam

Wed Jan 13 2010

Hmm, seems a study reveals that all that stimulus money has not resulted in any job creation. Yet the Administration claims it would have been worse with out it.

Okay class how about a little critical thinking here? The markets collapse, massive selling on Wall Street, house prices plunge, there is a call for the government to do 'something' possibly the start of a real calamity!

How can one tell whether the plan of action accomplished its objective?  Well we cannot go back and re run the video tape of history without the stimulus, but we can total the job creation. The plan was passed without any outcome measures. As usual it was mostly pork barrel projects for Congressmen and women funning for re election back home. A better alternative to those hundreds of millions would have been to suspend witholding AND the tax rate. Bingo, instantly more money would be in every bank account in America. But of course that would have you rather than Washington DC deciding how to spend YOUR money so it did not happen.