Russ Roberts reminds us just how shovel ready the stimulus projects were/are:
In the first eight months of the $787 billion “stimulus” package, the government has managed to spend about $111 billion, less than half of the funds that are available. What are those dollars going to? Here are the top four federal spenders:
HHS $33 billion
Labor $28 billion
Education $21 billion
Social Security Administration $13 billion
They account for 86% of the spending to date.
I don’t think those departments have very many shovels. But let’s give them more money. After all, in the Keynesian world view, it’s all about getting money spent and getting that multiplier working. Too bad we didn’t make that first stimulus even bigger. All money well spent, right?
BTW, I wonder how the cash for clunkers program is going. Did the dealers get their money yet? Anyone know?
Not having the time and resources — OK, I’m being lazy rather than contributing to the Wintercow seminar — I wonder whether the mythical Keynsean multiplier has ever manifested itself. Being a veteran of reading the economic laboratory section of Barrons and the fine print in the Journal, not to mention other sources, I’m hard pressed to find any evidence proving it ever happened. That is, that the multiplier was ever greater than 1.
Do you know of any such occasion?
Robert Barro has done extensive work and found the “multiplier” to be anywhere between zero and one. Much closer to zero.
The economic czar in the current White House has done her own research that contradicts the gist of current policy too. Romer has found that if we are going to see positive and larger multipliers, they are likely to come from tax reductions and less so from increased spending.
The 1.57 number (how is that for precision) that the current administration uses to justify this current stimulus of purely mythical.
424906 281449The electronic cigarette makes use of a battery and a small heating aspect the vaporize the e-liquid. This vapor can then be inhaled and exhaled 830278
83416 551371Woh I love your posts , bookmarked ! My wife and i take problem along together with your last point. 793839
Muchas gracias. ?Como puedo iniciar sesion?
392869 641360Cheers for this outstanding. I was wondering if you were thining of writing similar posts to this 1. .Maintain up the excellent articles! 373170
189737 399789Most what i read online is trash and copy paste but i feel you offer something different. Maintain it like this. 222314
62642 760191I need to admit that that is 1 fantastic insight. It surely gives a company the opportunity to have in about the ground floor and actually take part in making a thing particular and tailored to their needs. 517494
899313 550721It is actually a cool and useful piece of details. Im glad that you shared this helpful data with us. Please maintain us informed like this. Thanks for sharing. 754466
13166 890804Can anyone assist me out? It is going to be a lot appreciated. 47608
231994 283399Hello there, just became alert to your weblog by way of Google, and discovered that it is actually informative. Im going to watch out for brussels. I will appreciate in the event you continue this in future. Many people is going to be benefited from your writing. Cheers! 980552
811821 959475Normally I do not read post on blogs, but I wish to say that this write-up extremely forced me to try and do so! Your writing style has been surprised me. Thanks, quite good article. 711206
Hey There. I discovered your blog the use of msn. This is a very
well written article. I will be sure to bookmark it and return to read extra of your useful information. Thank you for the
post. I’ll certainly return.
251924 763747Today, while I was at work, my sister stole my iphone and tested to see if it can survive a thirty foot drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views. I know this is completely off topic but I had to share it with someone! 613699
997729 910920I discovered your weblog web site on google and examine quite a few of your early posts. Continue to preserve up the superb operate. I just extra up your RSS feed to my MSN News Reader. In search of forward to reading a lot more from you later on! 674400
This excellent website certainly has all of the info I wanted about this subject and didn’t know who
to ask.
673959 686296I enjoy your writing style truly enjoying this web web site . 85799
Hey there! Do you use Twitter? I’d like to follow you if that would be okay.
I’m absolutely enjoying your blog and look forward to new posts.
Thanks for sharing your thoughts. I truly appreciate your efforts and
I am waiting for your further post thanks once again.
Have a look at my web page; more tips here
831579 431053Hmm is anyone else encountering problems with the pictures on this weblog loading? Im trying to figure out if its a problem on my finish or if it is the blog. Any responses would be greatly appreciated. 536945
Normally I do not read post on blogs, however I wish to say that this write-up very
forced me to try and do so! Your writing taste has been surprised me.
Thanks, very nice post.
I’m amazed, I must say. Seldom do I encounter a blog that’s both equally educative
and engaging, and without a doubt, you’ve hit the nail on the head.
The problem is something which not enough men and women are speaking intelligently
about. I am very happy I stumbled across this
during my hunt for something regarding this.
This information is worth everyone’s attention. Where can I find
out more?
301197 58410The book is wonderful, but this review is not exactly spot-on. Being a Superhero is far more about selecting foods that heal your body, not just eating meat/dairy-free. Processed foods like those mentioned in this review arent what Alicia is trying to promote. Should you arent open to sea vegetables (and yes, Im talking sea weed), just stop at vegan. 399182
Thanks for finally writing about > Shovel Ready Indeed «
< Loved it!
Great blog! Do you have any helpful hints for aspiring writers?
I’m planning to start my own site soon but I’m a little lost on everything.
Would you propose starting with a free platform like WordPress or go
for a paid option? There are so many options out there that I’m totally confused
.. Any suggestions? Bless you!
369544 344158I like this weblog its a master peace ! Glad I observed this on google . 429482
Hello, all is going well here and ofcourse every one is sharing facts, that’s genuinely excellent,
keep up writing.
Hi, its good article on the topic of media
print, we all understand media is a impressive source of facts.
I loved as much as you’ll receive carried out right here.
The sketch is attractive, your authored material stylish.
nonetheless, you command get got an impatience over that you wish be delivering the following.
unwell unquestionably come more formerly again as exactly the same nearly
a lot often inside case you shield this increase.
Ahaa, its nice dialogue about this piece of writing at this place at this weblog, I have read
all that, so now me also commenting at this place.
Everything is very open with a clear clarification of the issues.
It was definitely informative. Your website is useful.
Thanks for sharing!
416267 937535This internet web site is my breathing in, quite fantastic pattern and perfect content . 313078