Is the Stimulus Spending Working?

News Type: Opinion — Seeded on Thu Oct 8, 2009 11:17 AM EDT

Article Source: Gazette.com

With the economy showing some slight signs of life, liberal pundits are crowing that the Obama administration's stimulus package is working. Yet anyone who believes that — as one Internet joke has put it — filling up buckets of water from the deep end of the pool and pouring them into the shallow end will ultimately raise the overall water level betrays a perilously limited understanding of economics.

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{"commentId":9942190,"authorDomain":"commcommondecencyondecency"}

CommonDecency

We'll know how well Cash for Clunkers did when we get the October sales figures. I expect new car sales to tank, because anyone who wanted a new car took advantage of the generous taxpayer handouts (financed by our communist chinese friends). I expect used car sales to tank also, since they crushed them all.

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#1 - Thu Oct 8, 2009 11:36 AM EDT

{"commentId":9942666,"authorDomain":"cyoung101"}

Chuck101

If I am not mistaking both GM and Chrysler sales are currently down 40%. I have no ideal why the media is not pointing this out. I know China is, they are concerned about continuing to finance our debt without a plan to reduce it.

The current administration seems to have Vegas fever. I guess they figure if they continue to spend like gambling they are bound to get lucky with a financial win.

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#1.1 - Thu Oct 8, 2009 11:57 AM EDT

{"commentId":9942788,"authorDomain":"Will4Freedom"}

Will_4_Freedom

Yes. I have been looking at Austrian economics, courtesy of the Mises.org (http://mises.org/).

I agree with their view of economics. This stimulus spending is only hurting us in the long run.

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#2 - Thu Oct 8, 2009 12:02 PM EDT

{"commentId":9968401,"authorDomain":"Will4Freedom"}

Will_4_Freedom

Wow. I just re-read my post. I did not mean my "Yes" to indicate that the stimulus WAS working... I meant "Yes", I agree with the article that it is not. Sorry for the confusion.

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#3 - Fri Oct 9, 2009 11:12 AM EDT

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CHUCK101

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Is the Stimulus Spending Working?

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