The Stimulus Joke
Alright, if you missed it, here it is again. Council of Economic Advisers’ chair Christine Romer’s observations about the stimulus package. Romer said that “the government’s economic stimulus spending has already had its biggest impact,” and will (in Romer’s words) “likely be contributing little to further growth by the middle of next year.”
Wow, an honest statement that should have plenty of us worried. We spend 400 billion out of almost 800 billion, get negative growth in the quarters that follow, but must understand that it’s “done it’s job”????????? And, by the way, don’t expect anything better going forward…How about giving us the money back or using it to reduce the out of control deficit?
I’m sure they are currently working on the next “stimulus” since this White House doesn’t have a clue.
NewsBusters.org takes on this issue at http://newsbusters.org/blogs/tom-blumer/2009/10/24/ap-waters-down-impact-romers-stimulus-has-had-biggest-impact-remark-igno
