The Stimulus that Didn't

It should also be noted that 'official' unemployment figures ignore the completely disenfranchised who do not 'qualify.'

Amplify’d from www.ncpa.org

Myth 1: Stimulus spending can jump start the economy and fix unemployment.

Since the enactment of the stimulus bill in February 2009, the unemployment rate has not approached pre-American Recovery and Reinvestment Act (ARRA) levels, even though $382 billion has been made available by government departments and agencies (on top of tax credits and other tax-related items).

In fact, unemployment recently edged up, from 9 percent in April to 9.1 percent in May.

Myth 2: Additional infrastructure spending is an effective way to stimulate the economy and create jobs.

politicians rarely include infrastructure spending in stimulus bills.

Instead, they spend money on items like transfers and tax cuts.

Only 3 percent of the last stimulus went to infrastructure. Read more at www.ncpa.org

 

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