Tuesday, November 24, 2009

"Stimulus" transparency

I remember reading the news stories early this year, aghast at seeing the massive $900 billion "stimulus" bill get rammed through congress. I thought it was more than just poor judgment- it was a travesty. But, as they said, it was necessary, and without it, unemployment might go above 8%! Well, nearly a year later, the economy is no better and unemployment is over 10%. To make matters worse, job numbers have been reported Enron-style. Just check out this article from Bloomberg. Wanting to make the stimulus look like a resounding success, the Obama administration fudged the numbers, and now they're getting called on it. So much for transparency, or good judgment for that matter.

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