A few months ago with the White House and Congress were ramming the pork ridden stimulus bill through Washington the President’s economic team produced the graph below to justify the legislation. The stimulus isn’t helping, it never will help, and it was a colossal waste of money. The economy will eventually bounce back and if it happens during this administration the White House will cite the stimulus as the reason. The economy is the number one issue right now and the President seems more worried about health care, climate change, and the Olympics.
ht: Greg Mankiw
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