Why stimulus is not working

We need earmark reform, and when I’m President, I will go line by line to make sure that we are not spending money unwisely.
Barack Obama

As one who strives to write as clearly as possible (often unsuccessfully), I am beginning to realize how difficult it is to write on complicated subjects.

I have mentioned E. M. Smith, and his blog, Musings from the Chiefio, http://chiefio.wordpress.com/ in several previous posts. Today, he posted, in terms anyone can understand, the reasons why the banks and corporations are holding on to their stimulus cash: see http://chiefio.wordpress.com/2010/09/07/sailing-qe2-or-titanic-stimulus/.

If you understand why the government’s actions have stifled growth, but like me, have a difficult time expressing it, his posting is a must-read.

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Published in: on September 8, 2010 at 3:23 pm  Leave a Comment  
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