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Hey David Gregory, This is Why the Stimulus Is Not Working

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celticlord

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http://business.theatlantic.com/2009/08/hey_david_gregory_this_is_why_the_stimulus_isnt_working.php

The best explanation I've found for why the stimulus didn't work is this graph from the GAO analysis of the stimulus act. It shows pretty clearly that the 76 percent of stimulus spending through the first four months went to fill in the gaping holes in Medicaid and state budgets. In other words, the stimulus isn't acting like a pole vault lifting job creation above the baseline. It's been acting like a crutch to keep state budgets and payrolls from imploding tumbling.
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stimulusbreakdown.png

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Let's assume the money spent on Medicaid and such is worthy spending. It may be the most virtuous spending on Earth; it is not economic stimulus.
 
"didn't work?" um, it's still not done. What a crock of ****. Time... remember that thing? ... it's called time.
 
formerroadie said:
"didn't work?" um, it's still not done. What a crock of ****. Time... remember that thing? ... it's called time.
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Time, as in timely, as in stimulus tomorrow is useless, but stimulus today might help a few sad sacks.

The time argument is like using a half-powered defibrillator but holding the paddles to the patient twice as long. Even though you deliver the same current, it fails to revive the patient.

If the stimulus was going to do any good, it needed to come now, not the day after next election. The mere fact that all you can say is "wait" alone demonstrates how abysmally Dear Leader screwed the pooch on this.
 
1. Keeping state budgets from flat lining means states don't have to raise taxes, and Medicaid is a government program which requires financing.

2. The banks/insurance/credit industry didn't collapse when the speculative bubble burst and the sub prime mortgage vacuum opened up. I call that a success.
 
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