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July 26, 2010

Has the Stimulus Stimulated Anything?

Benjamin Zycher, The Daily Caller


AP Photo

Let us review the recent record on federal spending stimulus and its relationship to GDP growth, about which data are freely available from the Bureau of Economic Analysis.  In February 2008, $165 billion—for the most part, dollar transfers to the states and increased federal outlays—was spent as economic “stimulus.”  In 2009, the infamous $862 billion Obama stimulus package was enacted, comprising spending increases of $574 billion and various tax reductions of $288 billion.  Over the last few months, with the looming elections and monstrous polling numbers concentrating the minds of White House and Congressional leaders, proposals for $100-200 billion in additional “stimulus” spending have been prominent.

And so the...

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Related Topics: budget, economy, obama stimulus package

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