High, persistent unemployment and a sluggish economy underscore what all but the most-dedicated supporters of Barack Obama know to be true: The president’s 2009 stimulus program was a massively expensive bust.
Understanding why the stimulus failed is an important step in understanding how the government can—and cannot—goose economic recovery. To get a better sense of how and where the stimulus went wrong, Reason.tv focused on Silver Spring, Maryland, a suburb of Washington, D.C., that’s home to a large number of government contractors and other recipients of money earmarked for the sorts of “shovel ready” projects that were going to bring the economy back to life.
President Obama’s top economic advisor Larry Summers laid out ground rules for how stimulus dollars should be spent: The funds must be “targeted” at resources idled by the recession, the interventions must be “temporary,” and they needed to “timely,” or injected quickly into the economy.
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Why Obama’s Stimulus Failed: A Case Study of Silver Spring, Maryland”
Last year 1,000 high schools competed to win the chance to have President Obama attend their graduation exercises. But this year, the White House is scrambling to understand why only 68 schools have applied for the honor.
Oh, it was a thing to be celebrated when 
In yet another see-I-told-you-so moment, Obama’s cash for clunkers program is now hurting lower income folks who wish to buy used cars by driving costs up an average of $1,800 above what used car prices were at this time last year.
What was it that Democrat President Barack Obama told us about the stimulus? Oh, yeah that it would “save or create” American jobs. Seems like a good idea, right? So what happened in Ohio when Democrat Governor Ted Strickland got his mitts on some of Obama’s stimulus cash? Why he gave it to a company to fund a call center that is operating out of El Salvador, Central America, of course.
In his recent trip to Racine, Wisconsin, President
Two weeks ago the U.S. Senate passed new rules that would require new spending to be offset somewhere else in the budget, the so-called paygo rule. They did this because Democrats and Obama got tired of being called big spending socialists and wanted the veneer of fiscal responsibility with which to cloak themselves. It lasted two weeks before the
About $135 million of our tax dollars in federal stimulus is being wasted on an upgrade for the Edith Green-Wendell Wyatt Federal Building in Portland, Oregon, one aspect of which is the so-called “green wall.” Why wasted? Because no one even knows if this “green wall” will even work and no engineering solutions have been found to make it work. Many say the whole thing is impracticable.
On November 11,
What is the cost of three Canadian visitors a day? Fifteen million dollars in Obamabucks, apparently. Worse, this waste of money wasn’t something the president of “transparency” seemed disposed to let us easily discover. Still, the
On March 6, Obama’s mouthpiece, Robert Gibbs, happily told the nation that the Obama “stimulus” plan had
If we need no other example of why government can’t “stimulate” an economy, we have but to look at the use to which the city of Akron, Ohio wants to put some of its “stimulus” money. Akron, it seems, wants to spend some of that money for suicide prevention. Oh, not a general suicide prevention program that might at least employ people. No, Akron wants to build a fence on a bridge that seems to emit a siren call for jumpers to prevent them from killing themselves.