“NEW YORK (CNNMoney.com) — The recovery is picking up steam as employers boost payrolls, but economists think the government’s stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday.
In latest quarterly survey by the National Association for Business Economics, the index that measures employment showed job growth for the first time in two years — but a majority of respondents felt the fiscal stimulus had no impact.
That sentiment is shared for the recently passed $17.7 billion jobs bill that calls for tax breaks for businesses that hire and additional infrastructure spending. More than two-thirds of those polled believe the measure won’t affect payrolls.”
So: nearly a trillion dollars of our hard-earned money spent on bailouts and unions to keep the Democrat constituencies happy, and it had no effect on unemployment or the general economy.
I—and other conservatives—told you so last year when they were debating the “stimulus.” We told you so when they passed the “stimulus.” We told you so when they started to spend the “stimulus.” We told you so for the last 13 months.
The “stimulus” failed because it was a political act, not an economic one.
Now it’s finally dawned on the economists? Duh.
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