Stimulus attempts by government most often are a political fantasy. The antics that have failed in the past always seem to be forgotten by academics. So they, along with willing politicians, rehash them, as we have seen during the Obama administration.
What is being used are actually “slush funds” to prop up favored state governments, to meet budget deficits. The latter have been primarily due to outlandish, public employee union contracts.
Very few private jobs have been provided by so-called stimulus funds. It has been the slush fund money that has created or preserved government union jobs.
No comments:
Post a Comment