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″

http://news.yahoo.com/s/theweek/212348

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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