What Did The Stimulus Do ?

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A picture is worth a thousand words.  This picture comes from John Hinderaker at Power Line.  He posted it yesterday.

 

Monthly employment (seasonally adjusted), January 2001 through September 2010, by sector

The American Recovery and Reinvestment Act spent nearly a trillion dollars.  What did it do?  It destroyed a net of more than one-half million jobs.  The article at Power Line points out:

"...goods-producing industries have completely failed to benefit from ARRA and the Obama administration's other misguided policies."

The policies of the Obama Administration have done more to prolong the recession and destroy private industry in America than they have to foster economic recovery.  It's time they stopped blocking the policies that would allow the American economy to grow again.  Not only do I support drill, baby, drill, I want to see all regulations examined and eliminated in the places where the government has overstepped its bounds.

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This page contains a single entry by Granny G published on May 16, 2011 3:58 PM.

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