Stimulus Report Card Gets a Failing Grade
...On the day the "stimulus" was enacted, the national unemployment rate was 7.6 percent--today it is 9.7 percent. At least 16 states have unemployment rates of over 10 percent.
Joe Biden's final measure was "to reinvest in existing infrastructure and lay a platform for the economic growth in future in energy, education and health care."
The spending "targets" read more like a rap sheet than an investment in the future. Funds went to "bail out" such things as shows about perverts and to run porn films, courtesy of Speaker Nancy Pelosi (D-Calif.). Other funds potentially went to house sex offenders and predators in Florida and the mob in the New York City area.
Vice President Biden might see the stimulus bill as a success, but by his own standards it has been a very expensive failed experiment.
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