Yesterday’s Weekly Standard reported that the required reports on the President’s $787,000,000,000 economic “stimulus” (now estimated to cost $831,000,000,000) have not been released.

The article reports:

In its last report, published in 2011, the president’s own Council of Economic Advisors released an estimate showing that, for every $317,000 in “stimulus” spending that had by then gone out the door, only one job had been created or saved.  Even in Washington, that’s not considered good bang for the buck.

Quarterly reports are required by law–the last on was posted in 2011. Where is the transparency the President keeps talking about?

The article concludes:

With only 58.6 percent of Americans currently employed — down 2.4 percent from the time of Obama’s first inauguration — it’s not surprising that the Obama administration doesn’t really want to fulfill it legal responsibilities and release subsequent reports on its failed “stimulus.”  However, it hardly seems fair — to use one of Obama’s favorite words — that the rich and (extremely) powerful think that they can choose whether or not to abide by the laws they spearhead and sign, while the rest of us are forced to obey them. 

Perhaps it’s time for the rich and powerful to do their fair share and obey the laws that they enforce against others.  And perhaps this is something that the House of Representatives might want to look into.

The only thing the stimulus did successfully was increase our indebtedness. It’s time to stop the excessive spending.