"The stimulus has saved or created about three million jobs and is on track to save an additional 500,000 by the end of the year, according to a new report by Mr. Obama's Council of Economic Advisers."
August 14, 2010
Stimulus Spending and Effectiveness
Because I have trouble believing this, should I then believe that the real unemployment rate suggests that the Stimulus worked or didn't work?
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Do you remember, when you were younger, and you were struggling financially. Your folks, or someone else, might have given you a little money to help you out. What did that 'little money' do? It enabled you to pay a few bills,maybe hire someone to exact a much needed home repair. Did that parent/friend 'stimulus' create a whole new way for you to gain more steady income? Did it change your situation? The parent/friend 'stimulus' brought about a temporary releif from the pain of an economic lapse, but it did not take it away. Once their money ran out, it left you still in the same position.
Stimulus comes from the people. I was watching a 1944 movie the other night. It starred Katheryn Hepburn and Spencer Tracy. Spencer Tracy was having a multitude pile of metal and equipment delivered to his house. Katheryn H. was insisting that it not be done. Spencer looked at Katheryn and said, "It is for the war effort. The military has asked 'all of us' (meaning Americans) to help them develop equipment for the troops. So, I have been assigned the job to try and develop a mask that the pilots can use at 40,000 feet." By the end of the movie, he had accomplished the R & D out of his basement and helped the technological effort for his country.
All of the inventions that we use today were developed out of the basement of someone's house...cars, light bulbs, electricity, computers...etc...it stands to reason that we are what stimulate growth, not government.
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