Stimulus?

It looks as though the “stimulus” bill will be sailing through Congress and onto President Obama’s desk.  Is that term truth in advertising when it is really a debt increase package? Anyway, this article by Jim Manzi is one of the many good pieces out there showing...

It looks as though the “stimulus” bill will be sailing through Congress and onto President Obama’s desk.  Is that term truth in advertising when it is really a debt increase package? Anyway, this article by Jim Manzi is one of the many good pieces out there showing the faults of this bill and the thinking behind it.

It should be noted how a large piece of the money won’t be spent for several years. Even the largest single-year chunk doesn’t flow out till next year. That isn’t stimulus; it is pet projects hiding under a different name. These tactics, however well-intentioned, were counter-productive during the Great Depression and they will lengthen our current economic troubles. Next to nothing is being done to re-energize investment in the private sector. Instead, plenty is being done to choke off future ventures and, hence, a chance to begin a recovery.

About the Author

Adam Carrington After a year at Westminster Theological Seminary, Adam began a PhD program in Political Science at Baylor University in Waco, TX in the Fall of 2009. He received his BA from Ashland University in Ashland, OH, where he studied Political Science, Religion, and English Literature. During his undergrad, he worked on several political campaigns as well as interning with The Claremont Review of Books. He continues to be fascinated by politics, literature, and media’s interaction with theology and the Church. In the spare time he does scratch out, he likes to play guitar, read, and spend late nights debating any and every topic at all-night diners. Adam is married to Emily Carrington.