June 16, 2009

JACOB SULLUM: Stimulus Spending: So Effective That It Works Before It Happens. “One problem with attributing America’s slightly less bad economic news to the Obama-backed $787 billion stimulus package is that very little of the money actually has been spent. As of a month ago, less than 6 percent of the stimulus money had gone out, and only 25 percent is expected to make its way into the economy by the end of the year.”

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