In this post I show a chart that shows that stmulus stimulatied the Federal government but not the rest of us. Stimulus failed: Federal Govt Jobs +465,000/Private Sector jobs -2,554,000 In the quote below Chapman sums it up: As a way of expanding the economy, it's a proven failure. But as a way of expanding government, it's definitely a keeper. Steve Chapman, Reason.com
Source: Veronique de Rugy via togetrichisglorious.blogspot.comNo need to guess. Just count the number of jobs created since the Obama Stimulus Plan was signed into law. The chart above says it all. The federal government got bigger and the private sector got the shaft.
Urgent Letter To The President | The Daily Capitalist #TCOT
By Jeff Harding, on September 8th, 2010 URGENT LETTER TO THE PRESIDENT: The PresidentWhite HouseWashington, D.C. 20500 Dear President Obama: I observed with some concern a photo of you and your glum economic team in the White House Rose Garden during your September 3 address on the jobs report. I am aware that you are gravely concerned about the economy and
The American Public Feels the “Unseen” – the Failure of Liberalism
In the "Failure of the Liberal Experiment" in September's Commentary Magazine, James K. Glassman explains why the public saw right through the politician's rhetoric and sees the usually unseen failures of the January 2009 $800 billion stimulus. In an article in Commentary (“Stimulus: A History of Folly”) in March 2009, I recounted the discouraging history of Keynesian stimulus and predicted its failure this time out as well. The surprise, both
Germany reported blistering growth today, and it wasn't a statistical illusion. How do we know? Because while other countries like the US and France continue with their jobless recoveries, Germans are actually going back to work, as this chart shows.
Lawrence Lindsey, a Republican who supported timely, targeted and temporary stimulus back in January of 2009, shows here why it was an expensive failure. It also has been a political disaster for the Democrats because now the public knows the government cannot be trusted to spend money wisely. He shows persuasively
via stockcharts.com Most thought that the effect on the consumer of deflated assets, tighter credit and costlier energy would dampen consumer discretionary stocks. The number of credit cards in circulation has declined by almost a fifth. American Express is pulling back from credit cards and is now telling customers how to use their charge cards (which are paid off in
BERK: I listened to the President at the Republican retreat in Baltimore last week and this morning about the Budget for fiscal year 2011. All I have to say is: What the heck is he talking about? He keeps yelling at Republicans for "bad mouthing" his plans and voting "no" as a block. All I could think of was his "I won" comment to Congressional Republicans when they tried to offer constructive criticism of his stimulus bill - you
BERK: There is always what you see and what you don't see in economics. In this WSJ article, we find that proponents of government spending - increasing the size of government - are jumping through hoops to justify last year's stimulus plan. The people don't believe it worked because it did not work, unless you are an employee in a government union. Then your job was saved or your raise was not fiddled with. Read the description below and you
Today's better-than-expected -1% GDP was tempered, somewhat, by the staggering 11% spike in Federal Government spending (hello stimulus!). Today's chart looks back at the Y/Y GDP change with the same number sans government spending. As you can see from the divergence, the government boost provides a big help. Joe Weisenthal and Kamelia Angelova CHART OF THE DAY: Thank God For Government Spending.
