Thursday, March 15, 2012

Why Obama's Stimulus Failed: A Case Study of Silver Spring, Maryland

From ReasonTV: "High, persistent unemployment and a sluggish economy underscore what all but the most-dedicated supporters of Barack Obama know to be true: The president's 2009 stimulus program was a massively expensive bust." 

This short news report focuses on wasteful federal stimulus spending in the city of Silver Spring, Maryland alone.  Multiply the examples of waste, fraud and stupidity they show times the tens of thousands of communities around the country that received stimulus funds and you can imagine the scope of the problem.

1 comment:

Bawb said...

Yeah, when Zero's worshipers defend this boondoggle by saying, "But they did a nice re-paving job on East Bumfudge Road." I always point out that's why we pay state and federal gasoline taxes. Where'd that money go? I usually don't get a response.

Wasn't it Rush who said his dog has created more "shovel-ready projects" than the Stimulus Bill?