And you thought the stimulus package wasn't working!
Well, it is. Just ask the Obama team. They wouldn't make things up, would they? (see post below)
They report that the stimulus package has "created or saved" 1.5 million jobs. Of course they also say, now, that the intent was to save the jobs of teachers, firefighters, etc. and that it has done so. That's not the "shovel ready" mantra I remember. But I digress.
I don't how how you quantify 'saved' jobs, but even if we presume their numbers are accurate (stop laughing) that comes out to roughly $380,000 per job. I wonder how much of that the teachers and firefighters get.
Let's make something clear. The ONLY thing that government can do to stimulate the economy with any lasting effect is to GET OUT OF THE WAY!
Relieving burdens on business, either tax or regulatory, would help. ANY and EVERY attempt to micromanage the economy or any segment or industry therein can only hurt in the long term.
The Free Market is the economic equivalent of Darwin's Natural Selection.
Fiscal liberalism is a species that should be allowed to become extinct.
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