Team Obama thinks that “money moving around” is what causes prosperity, instead of being a side effect of the distribution of goods in a period of prosperity. Worse, Team Obama believes in the economics of Keynes that government spending is actually multiplied by 1.5 or more in its good effect.
So, Obama and his utopian economists think that “investing” by the government is essentially free. Even if the project fails, the spending supposedly creates wealth by increasing “demand”.
Government spending doesn’t multiply anything. Government takes resources from taxpayers and applies them to government projects. We get a bridge or some paperwork; that is it. Or, we get $118 million worth of planning, plant, and equipment whose single purpose is to make batteries which no one wants.
