I’m tempted to say ‘Duh’ and leave it at that, because pretty much everyone besides Obama and the idiots in congress understands that the stimulus has had practically zero stimulative effect down here where us proletarians live, breathe, and - for those of us not spending our days on the unemployment line - work.

Businesses aren’t spending money, unemployment is still on the rise, people aren’t spending money. Everyone’s scared silly, mainly due to the tremendous economic and social uncertainty and insecurity caused by this administration’s actions, policies, and proposed legislation, and the prospect of crushing new taxes coming down the road to pay for it all.

Maybe if some of those ’shovel-ready jobs’ were to materialize people would at least have the illusion of something positive happening, which in turn might generate some actual confidence, but there are no ’shovel-ready’ jobs. There never were. The only thing ’shovel-ready’ was, and continues to be, the b.s. flowing out of capitol hill.

Yes, the extended unemployment benefits have helped keep many families afloat, but it’s a band-aid at best. We don’t need band aids, we need competent leadership and sound economic policies, neither of which this disgraceful administration is capable of even comprehending, let alone providing.

Anyway, the WSJ article:

The global recession and financial crisis have refocused attention on government stimulus packages. These packages typically emphasize spending, predicated on the view that the expenditure “multipliers” are greater than one—so that gross domestic product expands by more than government spending itself. Stimulus packages typically also feature tax reductions, designed partly to boost consumer demand (by raising disposable income) and partly to stimulate work effort, production and investment (by lowering rates).

Read the whole thing here

I guess this would be an ideal time to point you to the online version of Economics in One Lesson. Read “The Lesson” and “The Broken Window” at least, a total of about five pages.

…..

-Cnation