Obvious Headline from An Unlikely Source

Posted on 09/02/2009 at 12:39 pm by Bob Cesca

U.S. Economy Gets Lift From Stimulus

There was never any doubt among non-crazy people that this would happen. The Wall Street Journal on the other hand…

Barack Obama’s Stimulus Plan Will Get Little Value for Money

It’s Not a ‘Stimulus’ Bill

The Real Stimulus Burden – We’ll be paying for this in many ways, for many years.

Adding… Eric Cantor hasn’t read his Murdoch cheat sheet today.

CANTOR: Since we know now that the Stimulus has not met the criteria by which it was passed and the White House promoted it, which was to stave off job losses and to stop unemployment from reaching above 8.5%, since we know it’s been a failure, why not do the responsible thing, which is to take the $400 billion that has not been committed yet – or not been spent, but been committed to the stimulus – and just pay off the debt and deficit so we can get our fiscal house back in order?

But Murdoch’s WSJ says the stimulus is working, congressman.

And the wingnuts are all about message discipline?

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  • http://politicalpartypooper.wordpress.com/ Political Party Pooper

    It’s not so much the stimulus money I have any problem with. It’s the waste inside of the bill itself. Here in Wisconsin, one of our casinos got $70k to train their employees on customer service techniques.Not a single job was created from that, not one. It was a special interest payoff. A complete waste of taxpayer money. You just know there thousands of incidents like that in this bill.That is the crap I get pissed about. We cannot afford to be throwing money down a toilet like that.

  • indyinwc

    Was this an Indian casino? I know Native American tribes got a shot of stimulus money and may not have the restrictions on it like others. However that does seem a poor use of funds.

  • jjasonham

    You’re right, indyinwc. It was the Oneida Bingo & Casino, and they received $67k for that training session. That said, I found a press release that mentioned the purpose of the money allocated for Native American tribes:

    These grants will help Native American tribes improve the quality of their housing stock, develop viable communities, promote energy efficiency and create jobs.

    Customer service seems like it would be a pretty big part of developing a community casino that would be a huge source of revenue. Obviously, it fit with the Recovery Act’s guidelines.

  • Rogect8

    That does seem like a waste. On the other hand, if you look at it through the lens of Keynesian economics, it doesn’t really matter how the money is spent. It might not create any jobs, but it’s injecting liquidity into the market, one way or another.Still infuriating to hear about our tax money going to that sort of thing though…

  • http://www.osborneink.com Matt Osborne

    Oops! I left a comment intended for this on the next post. Silly me!

  • http://tarackian.deviantart.com J M Ashby

    I’ve deffinantly seen the effects of the stimulus, not just locally but elseware in the midwest. There are several road-widening projects going on right here in town that were delayed by now in motion.Krugman was right though, the stimulus wasn’t big enough. It has helped, but not enough.

  • http://tarackian.deviantart.com J M Ashby

    PPP – I somewhat agree with you, but 70k in this age of trillions is virtually nothing.Gov. Sanford (R-SC) spent $12,000 on a round-trip buisness class plane ticket to China. Atleast casinos generate a lot of tax revenue.

  • Allonfla

    I saw that headline this morning and was shocked it came from the WSJ. I can only imagine what the comment section is like. I will bookmark that article just in case.