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Tuesday, February 3, 2009

It Creates Jobs, So Ignore All That Other Stuff


"The bottom line is this: You've got a piece of legislation that creates jobs," White House spokesman Robert Gibbs said after several questions. "The latest statistics based on the economic reports show that 90% of these jobs are private-sector jobs."

Wrong.  That is not the bottom line because the Democrats who wrote the bill decided to fill it with a ridiculous amount of unnecessary spending.

You can justify all this extra junk in the stimulus plan through various circuitous means, but it doesn’t change the fact that they do nothing to immediately stimulate the economy.  Like the Pell Grant expansion for example:

Others say investing in education would be an indirect benefit by helping students compete for better jobs in the future. Indirect benefits will be "fairly widely dispersed through the economy … so all kinds of jobs will be created," says Chad Stone, chief economist for the liberal Center on Budget and Policy Priorities.

That’s great, but if it’s long term, then it doesn’t belong in an emergency plan to stimulate the economy.  Put in some other bill where that statement can be adequately debated.

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