Saturday, September 5, 2009

Stimulatingly illogical

The Administration promised a jobless rate of under 8% as a result of the stimulus package. So far, they have spent more than a half trillion dollars of our money. So far, jobs are still being lost faster than they are created. The iron law that a job can only exist when it produces something that someone wants to buy is known to every 8-year old operating a lemonade stand. The White House thinks it has found a way to defy this simple law - 'shovel ready' projects, cash for clunkers, mortgage bailouts, federal government expansions - so far, the law is intact.

No comments:

Post a Comment