"Last week, President Barack Obama refused to allow private citizens to spend $7 billion improving America's energy infrastructure. Three years ago, he insisted that taxpayers spend more than 100 times that amount on an outlay that also addressed the nation's energy needs, among other goals. But while the Keystone XL pipeline that Mr. Obama rejected was certain to deliver a product that people want, the benefits of the president's 2009 stimulus program are harder to discern.
Sold as a way to create jobs while building infrastructure and an environmentally sensitive economy, the stimulus plan was drafted in haste by Democrats in Congress and then signed by Mr. Obama on Feb. 17, 2009. The American Recovery and Reinvestment Act was priced at $787 billion when enacted; the official estimate is now more than $800 billion."
From the WSJ book review of "Money Well Spent?"
Thursday, January 26, 2012
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Murray sez:
The Stimulus and Obamacare bills were classic examples of how the Obama and the Liberals work. Create humongous spending bills that all legislators can pile on and pass them without anyone reading/knowing what's entirely in them. Plus, without a doubt, they will cost much more than predicted. Seems to me I remember that Biden was supposed to bird dog the spending of the Stimulus to insure the monies were spend as directed. Hmmmmm, anybody heard any reports from our bird dog??
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