Porkulus One was a massive payoff to special interests and political constituencies (and dead people!) disguised as a job generator. A General Accounting Office analysis this week revealed that stimulus dollars allocated to states and localities are not being spent on what they’re supposed to be spent on. States are making up their own criteria for spending. The most economically distressed parts of the country are getting shortchanged. School and transportation bureaucrats are using the money to preserve their own jobs instead of “stimulating” others. And assessments of the stimulative effect of the package are a joke....
The friends and patrons of Obama may be making out like bandits. But for everyone else, the Democrats’ ideological bankruptcy comes at a nauseatingly steep price.
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Saturday, July 11, 2009
Spawn of the Spendulus
Posted by Moneyrunner at 12:01 PM
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