Wednesday, May 09, 2012
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Wisconsin native. "The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC "Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton "The only objective of Liberty is Life" --G K Chesterton "A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
There was no "stimulus" of any significance. Only emergency aid to states, UI extensions and food stamps. This was considered necessary aid by both parties. There was a few billion bucks in there for roads and bridges, but nothing major.
The problem with that chart is the administration's wishful thinking when they drew it up. They assumed the private sector would bounce back sharply and it didn't as predicted by people who have been correct about this recession since the beginning.
The stimulus worked about as well as the Bush tax cuts in terms of "the rising tide lifts all boats" canard. Where's the Heritage Foundation chart that predicted those tax cuts would eliminate our national DEBT within 10 years??
As you might say, that really, really, really worked well, ain'a?
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