Change I Believe In

Bryan - Thanks for the read. Unfortunately, Ben has it wrong - the current bill is $800bn spread over a number of years. So, this isn't an apples/apples comparison to the "average yearly stimulus" in Japan. Additionally, that is before we backout the AMT fix.

The number drops by a good deal if you focus on the CBO expected outlay figures and divided by (best guesses) of GDP.

Didn't the "let's make fun by saying 'change we can believe in'" ship sail off long ago?

I liked this post and the linked-to article, but that headline... ugh.

But now resources are being drawn into construction not to meet an irrational demand for housing but to make some long-needed improvements in infrastructure. Would that still qualify as a mis-allocation of resources? I suppose it would be if workers are paid to dig and refill holes, but is that really the case here?

I'm not sure if you alluded to it, but this is horribly depressing because the stimulus package we passed is middling between 3.5% and 8% of the GDPP! I was hoping that maybe all those sneering Democrats were wrong, may be the stimulus could work, but how on Earth can a pork-laden package that doesn't seem to cross the required "threshold" possibly work?