Obama’s Stimulus: Five Years of Keynesian Fairy Dust

Obama’s Stimulus: Five Years of Keynesian Fairy Dust

- in Zook

Obama’s Stimulus: Five Years of Keynesian Fairy Dust



The Federalist

The country just “celebrated” the five-year anniversary of the so-called American Recovery and Reinvestment Act, more commonly referred to as the “stimulus.” The White House wants us to think the legislation was a success, publishing a report that claims the stimulus “saved or created about 6 million job-years” and “raised the level of GDP by between 2 and 3 percent from late 2009 through mid-2011.”

These seem to be preposterous claims. According to data from the Minneapolis Federal Reserve’s interactive website, the current recovery (red line) is the weakest expansion since World War II. And keep in mind that this anemic recovery started in the summer of 2009, right about the same time as the stimulus was beginning. So if the President’s plan was effective, it should be apparent in the growth numbers.



Thank you for stopping by Grumpy Opinions and while you are here, please SUBSCRIBE to our Grumpy Opinions newsletter to receive our emails. You can also subscribe to Grumpy Opinions’ in our right sidebar or if you have a WordPress.com account, in our WordPress.com READER in the admin panel on the top left. Social media accounts: Please follow and share with fellow patriots and friends.  ©2016-2018 Grumpy Opinions. All Rights Reserved.

You may also like

CDC: 1 out of 7 ‘transgender women’ have HIV

While government agencies have pushed the fallacy that