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TheTitanic Stimulus (That Should Sink)

Thursday, January 15, 2009  |  posted by Hugh Hewitt

The House “stimulus” package is a disaster, and the hopes that the president-elect’s economic team could moderate the demands of the Congressional Democrats were unfounded.

It is a giant federal firehose spraying money in a hundred directions, and when the party is over, there will be nothing to show for it. Only Congress could spend $550 billion and not be able to identify a major accomplishment at the other end. The $275 billion in tax relief simply does not justify such an orgy of purposeless spending.

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