This is a reprint from Cafe Hayek that gets right to the point of Recovery Act spending and that lies being told by the Obama Administration about its apparent success. You know, like they saved “600,000″ jobs, or “800,000″ jobs, or “2,100,000″ jobs, or, just the other day, “1,400,000 to 3,300,000″ jobs created or saved, [...]
By Jeff Harding
This is what I have been saying about Keynesian fiscal stimulus for the last year: when it doesn’t work, its advocates come up with excuses such as we didn’t do enough, we didn’t do it soon enough, intervening events thwarted the efficacy of this policy. Etcetera, etcetera.
WASHINGTON — Vice President Joe Biden [...]