That’s Tyler Cowen’s reaction to the details of Barack Obama’s fiscal stimulus scheme. He’s being generous. It would be nice if there were others in the mainstream media who would be willing to focus on the issues Professor Cowen highlights and point out that even if one assumed that Keynesian stimulus worked–a dubious assumption–the projects that Team Obama proposes to spend on will either not stimulate the economy nearly fast enough or have so little connection with economic growth that their inclusion in a fiscal stimulus package constitutes one big, giant policy non sequitur.
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Announcing "Member Diary of the Day"
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A Humorous Distraction
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Rick Perry endorses Pete Hegseth(SEN PRI, MN)
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The Left's War on Wisconsin
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Observations after the Arizona Republican Convention
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A Call to ACTION is needed to STOP the Law of Sea Treaty
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"Moving Out"
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Republican Nomination in IL-13
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Wanna Know Where The Tea Party Is? Just Ask Dick Lugar!
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Moe Lane: MoeLane: #wirecall "WHAT DOES DEM-DESPERATION LOOK LIKE?" #rsrh http://t.co/rlRGDh4K
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Moe Lane: MoeLane: #rsrh QotD, It's About Time The Occupation Movement Died, Frankly edition. http://t.co/FFjyNFJ7
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Daniel Horowitz: A higher % of the Senate gop (40%) voted against Ex-Im than the "Tea Party" house gop (38%). #rsrh
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Moe Lane: #RSRH ANDY KAUFMANN DID NOT DIE; HE DECIDED TO RUN FOR MA-SEN. http://t.co/5dzKKYqT CONFESS, 'ELIZABETH.' CONFESS.
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Steve Maley: The Teachers' Union Shop Steward? #rsrh http://t.co/AfIfcnyh
- The Club for Growth and the Tea Party by davenj1 (Diary)
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- Have Unions 'Occupied' the Occupiers? by Rick Berman (Diary)
- Congrats to Deb Fischer, our next Nebraska Senator by Change Jar Conservative (Diary)
- Wisconsin Actually ADDED Jobs in 2011 - BLS Survey Off By More than 57,000 by Brian Fraley (Diary)
- Republican Nomination in IL-13 by Loren Heal (Diary)
- Is Barack Obama America's "most biblically-hostile U.S. President"? by hanoverhenry (Diary)
- Same-Sex Marriage is an Oxymoron by dvdmsr (Diary)
- Shocked again on Obama's stances...just tase me. by checkmate2012 (Diary)
- Law, War & Security - Why libertarians are wrong about 'Indefinate Detention' by Dave_A (Diary)
- We Have Already Established WHAT You Are.... by Teresa in Fort Worth, TX (Diary)
- Brian Walsh stages Facebook party at Wings Plus in Coral Springs by William E. Lewis Jr. (Diary)
- Email Your Elected Officials: Final Push to Pass the Anti-Agenda Resolution by freedommom (Diary)
- Open Letter to Mitt Romney-- from the Next Generation by Bethany (Diary)
- Observations after the Arizona Republican Convention by Flagstaff (Diary)
- The Fanatical Face of France by lessgovisthebestgov (Diary)
- Benton County, WA GOP by WA_Cowboy (Diary)
- Boehner Demands Spending Cuts for Any Debt Limit Increase (Ha, ha, ha, ha… ya, right.) by General_Confusion (Diary)
- Selfishness Is On the Ballot in November by tomjeffersonsghost (Diary)
- Positioning on Gay Marriage by Chris Wilson (Diary)
- Let’s End Indefinite Detention of Americans Without Charge or Trial by Rep. Justin Amash (Diary)
- Announcing "Member Diary of the Day" by Caleb Howe (Diary)
- A Free Market Conundrum by davenj1 (Diary)
- With Friends like this, who needs enemies? by tooncesthecat (Diary)
- Was John Mica Aware Of TSA Equipment Scandal Since 2009? by tomtflorida (Diary)
- The Left's War on Wisconsin by briansikma (Diary)
- Obama as a Hawk, is there a foreign policy argument for re-election? by Chris Wilson (Diary)
- Help me help you...and Jesse Kelly...in AZ 8th's special election. Be a "surge commenter" by smagar (Diary)
- Obama Judge Upholds Law Against Obama's NLRB by scipio62 (Diary)
- Secede Now [Closed and annotated.] by Plumb_Bob (Diary)
- Greece can cut now, save later by Griffin@griffinelection (Diary)
- "Rights of Children" complaint to U.N. Demands America free illegals who have children. by hanoverhenry (Diary)
- Why Obama's Flip Flop On Gay Marriage Will Hurt His Re-Election by kevinaw2 (Diary)
- A Short Story On Being Deceived, And An Apology As Well by lineholder (Diary)
- Obama to Barnard graduates: "Perservere!" (not a word); Maddow interviews Warren, never asks about her controversy by barrypopik (Diary)
- Facebook party at Wings Plus in Coral Springs by William E. Lewis Jr. (Diary)
- Presidential Multiple Choice Test by David123 (Diary)
- Deb Fischer Surges Into The Lead On The Eve Of Nebraska GOP Senate Primary; Update: New Facebook Note From Palin; Update: Herman Cain Endorses Fischer by rightwingnut2 (Diary)
- Ron Paul by fairfaxchris (Diary)
- A Health Insurance Speech Mandate by Alexander R. Cohen (Diary)
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"Build it and they will come" - not.
Old_Crow (Diary) Monday, December 8th at 7:11AM EDT (link)One fallacy of public works projets is the mistaken belief, that once built, it will magically spark business development – the real world is often more complex.
A project being proposed locally here is a multi-million dollar sewer system in a high-crime neighborhood. Granted the lack of a sewer system restricts growth potential, but the presence of one does not result in development. The area suffers from decades of overlooked crime, and other social problems. No business will invest in the area, sewer system or not, until those issues are fixed – and the local politicians are loath to address the real problems.
All we will get with Obama’s ‘great works’ project is overpriced (Davis Bacon wage rate) projects filled with pork that benefit democrat politicians and their campaign donors. Paying $10M for a $5M make-work project is fiscally irresponsible, if not outright corrupt.
“Enlightened statesmen will not always be at the helm.” — James Madison