You could probably have figured this out by now.? The more liberal economist is saying the stimulus was not big enough and another infusion will be needed to get the economy fully on track.? The more conservative economist is saying the stimulus has been a disaster and is not working, proving that big government is bad.
The snipping is all well and good.? Those less likely to inject politics into the mix admit the stimulus is working to, um, stimulate the economy despite it’s failings:
But with roughly a quarter of the stimulus money out the door after nine months, the accumulation of hard data and real-life experience has allowed more dispassionate analysts to reach a consensus that the stimulus package, messy as it is, is working.
Jobs savings and creation are on track. The recession didn’t turn into a depression. By all accounts we are beginning the slow – and painful – turnaround. Government spending did indeed prevent the Republican fueled economy from eating itself. The policies of 8 years of Bush are going to take some time to fix. You don’t turn such things around in 100 days, much less a year in office. As we pointed out in our recent Palin book signing camp out video, those who voted for George W. Bush fucked up the country and they can’t have it back…at least until we fix it.
One of the nice young fellas in the video (the one who duct taped over McCain on his McCain-Palin tee – duct tape boy we’ll call him) got into an extended argument with us about the cost of the stimulus being greater than the Iraq war. Again, the stimulus cost $787 billion. Cost of the Iraq and Afghanistan wars so far? $915 billion.
Now, if you want to argue the relative importance of such spending of taxpayer money, I’m all ears. I, for one, would much rather like to spend it on jobs for American families than bombs for Iraq. Especially when you consider the payback. Iraq and Afghanistan will most likely fall back into old patterns of rogue nations and failed states. The cost benefit analysis of such a fools errand in Iraq has always been highly questionable, even at the start.
The interesting thing about the stimulus is that a concession to Republicans took $70 billion of the impact out (emphasis mine):
Even the $787 billion price tag overstates the plan?s stimulus value given changes made in Congress, economists say. Nearly a tenth of the package, $70 billion, comes from a provision adjusting the alternative minimum tax so it does not hit middle-income taxpayers this year. That routine fix, which would do nothing to stimulate the economy, was added in part to seek Republican votes. But to keep the package?s overall cost down, provisions that would stimulate the economy ? like aid to revenue-starved states and infrastructure projects ? got less as a result.
Hey wingnuts. Want your country back? You can’t have it. You fucked it up. You might get it back just in time to fuck it up again after we fix it.