Posted by: arnegrim | February 22, 2011

Stimulus failure

“The president’s American Recovery and Reinvestment Act (ARRA) was intended to resuscitate a sickly economy by funding infrastructure, education, and health-care projects…

…Only $275 billion of the original $787 billion has gone towards “actual government spending” and the rest will be distributed, as per the plan, through 2016″

And that is the biggest reason for the failure… it didn’t go into the economy to existing work… it’s sitting in the bank doing NOTHING.


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